Tuesday, September 14, 2010

Check your sources: 3.8% Tax on Real Estate Transactions Mostly False

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


loan said...

This bill is set to screw ME and all of the retiring generation. Hopefully people will go out and vote these pinheads out of office. Please everyone, DO YOUR PART!


Darla said...

LOAN ME>> DID YOU READ the post.. this bill is mostly false unless you are earning more than 250,000 a year and are selling a home for above 500,000 (if I remember figures correctly) I dont' like taxing the rich in appropriately but for most people this is a partial truth rumor floating around the internet