The 3.8% tax on house sales the email subject line screamed at me!
Well I am redblooded American and that grabbed my attention. What followed shocked me until I checked it out with my favorite rumor stopping tool: SNOPES.COM Snopes has been my best friend since the old days on eBay boards in the 90's. Where eBay friends taught me how to check out rumors.
I am blogging this because I just received an email today that obviously the senders did not check for accuracy It is MOSTLY FALSE. Like all good rumors there is an element of truth: Here is and excerpt from the body of the letter reprinted for journalistic purpose.
Under the new health care bill - did you know that all real estate transactions will be subject to a 3.8% Sales Tax? The bulk of these new taxes don't kick in until 2013 (presumably after obama’s re-election). You can thank Nancy, Harry and Barack and your local Democrat Congressman for this one. If you sell your $400,000 home, there will be a $15,200 tax. This bill is set to screw the retiring generation who often downsize their homes. Is this Hope & Change great or what? Does this stuff makes your November and 2012 votes more important?
To check out the truth click on link below!
snopes.com: 3.8% Tax on Real Estate Transactions