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Author Topic: Sell your house after 2012 you will pay a 3.8% sales tax on it?
Bob Frey
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Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it?

That's $3,800 on a $100,000 home etc.

When did this happen? It's in the health care bill. Just thought you should know.

SALES TAX TO GO INTO EFFECT 2013 (Part of HC Bill)

REAL ESTATE SALES TAX

So, this is "change you can believe in"?

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 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. Does this stuff make your November and 2012 vote more important?

Oh, you weren't aware this was in the ObamaCare bill? Guess what, you aren't alone. There are more than a few members of Congress that aren't aware of it either.

http://www.gop.gov/blog/10/04/08/obamacare-flatlines-obamacare-taxes-home

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SeekingFreedom
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ROFL, you should have posted Obama's pledge as well, Bob. Makes it more ironic...

“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes,”
President Obama, September 12, 2008


Just wait, a tax on vehicle sales will be next, mark my words. Just more ways for the 'producers' to pay for the 'have nots'.

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Bob Frey
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The first thing he did as I recall was to raise the tax I pay for a pack of cigs by $1.00 per pack so I knew then he was full of it when it came to that promise. What took like a week or something?
[Smile]

http://www.smokersnews.com/cigarette-taxes/294/obama-signs-federal-cigarette-tax -hike/

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SeekingFreedom
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Maybe two...

But, hey, Bob, you smokers have to pay for your 'free' healthcare somehow.

[Wink]

We soda drinkers are next on the tax increase hit list. I guess I'll have to stock up on my Dr. Pepper before Michelle gets it through Congress.

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Pagan
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quote:
Originally posted by Bob Frey:
The first thing he did as I recall was to raise the tax I pay for a pack of cigs by $1.00 per pack so I knew then he was full of it when it came to that promise. What took like a week or something?
[Smile]

http://www.smokersnews.com/cigarette-taxes/294/obama-signs-federal-cigarette-tax -hike/

Maybe this will help out Bob.

https://www.nicorette.com/promotions/nicorette7dollarcoupon.promo

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CashCowMoo
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Glass you got a way to justify THIS tax increase?

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The Bigfoot
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Uh...I can.

The first $250,000 profit from your home sale doesn't get taxed. If you are married the first $500,000 profit doesn't get taxed.

Vet your information peeps.

http://www.factcheck.org/2010/04/a-38-percent-sales-tax-on-your-home/

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The Bigfoot
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And Bob...that extra .61 per pack is paying for healthcare for low income kids (SCHIP). You sure that is a tax worth complaining about?

A can of soda once a day (if you habit is a pack a day like mine) or a doctor visit for little Jimmy who has an ear infection?

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The Bigfoot
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quote:
Originally posted by SeekingFreedom:
Maybe two...

But, hey, Bob, you smokers have to pay for your 'free' healthcare somehow.

[Wink]

We soda drinkers are next on the tax increase hit list. I guess I'll have to stock up on my Dr. Pepper before Michelle gets it through Congress.

You might want think about that Seek.


quote:
"The relationship between soft drink consumption and body weight is so strong that researchers calculate that for each additional soda consumed, the risk of obesity increases 1.6 times."
quote:
"Soft drinks also contain large quantities of phosphorus, which when excreted pulls calcium out of the bones. Heavy users of soft drinks will have osteoporosis along with their damaged arteries."

quote:
"Adolescents who consume soft drinks display a risk of bone fractures three to four-fold higher than those who do not."
quote:
"In an interesting experiment the sugar from one soft drink was able to damage the white blood cells' ability to ingest and kill gonococcal bacteria for seven hours."

quote:
"Sugar and acid in soft drinks so easily dissolve tooth enamel."

This particular problem is what got me off my Mountain Dew habit. It cost thousands to get my teeth back in shape.

And lest you think that diet pop is better for you because of the lack of calories....

quote:
"More than a dozen animal tests over the last thirty years have demonstrated the carcinogenic effects of saccharin in the bladder and other sites, particularly female reproductive organs, and in some instances at doses as low as the equivalent of one to two bottles of diet pop daily."

http://www.naturalnews.com/004416.html

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Bob Frey
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Maybe we should get the cig tax back since the kids are now covered with Obama Care?
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The Bigfoot
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lol

actually...that is a legitimate question to my mind Bob.

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SeekingFreedom
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Whatever, Bob. That's a large part of how they're going to pay for it. You don't really believe that they're going to cut Medicare\Medicaid to pay for it do you? lol

On the soda issue, Big...I really don't think anyone is out there drinking pop because they think it's healthy for them. I would even go further and bet that nearly 100% of people know that it's probably a bad idea...compared to drinking water...unless you live in Mexico...which in that case it might be better than drinking the water...ROFL.

For Government to step in and wield the Tax Code like their version of the rolled up newspaper to the puppy is annoying in the least and highly troubling at worst. What other activities shall they decree is innappropriate and thus subject to a 'We know better than you' Tax?

Oh, wait...Tanning Salons already got hit...which affects primarily...white women...more than a little discriminatory isn't it? [Wink]

Anyway, going back to your Tax on home sales link. I like factcheck as much as the next guy, but I'm not sure I swallow that article in whole. While you (and they) are correct that the bulk of your primary residence sale is exempt (assuming the residency requirement is met) investment real estate sales do not qualify for the exemption. I can give you several examples of how this could easily hit many families that do not normally fit into the $250,000 income bracket. Not to dismiss the expertise cited in the article, but in the end, it will be up to the IRS to define what and who this law allows them to tax.

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SeekingFreedom
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quote:
Originally posted by The Bigfoot:
And Bob...that extra .61 per pack is paying for healthcare for low income kids (SCHIP). You sure that is a tax worth complaining about?

A can of soda once a day (if you habit is a pack a day like mine) or a doctor visit for little Jimmy who has an ear infection?

Yeah, you selfish smoker, you! [Wink]

Jimmy needs a better education too, Bob. I think another 50 cents a pack isn't too unreasonable for such an important goal. Do you Bob? Big? How about for Jimmy's dental bills from drinking all that soda in school? I think a quarter a pack more should cover that. And we need to combat smog in urban areas. Since you cause some of it it's only fair for you to help pay to undo it. Another 75 cents a pack should help. (Insert several more sarcastic examples here.)

So, it's only going to cost you about $25 a pack...but think of ALL the good you're doing while lighting up, Bob.

[Good Luck]

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CashCowMoo
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so as long as we just keep taxing people who make more than $250,000 on the back end on things like these its ok. I get it now!

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The Bigfoot
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good...knew you would get it eventually CCM! [Smile]

Nonono Seek. You don't get to cite loopholes as a legitimate argument against the home sales tax law when you support the use loopholes to give businesses tax breaks they don't deserve. Quid pro quo, my friend. If you want to use 'exceptions' as a legitimate argument to fight this law, then I expect return on a future subject...perhaps...oil subsidies? Maybe large scale farming subsidies? Or just the corporate tax code in general. You really want to give me a joker to use 'at will' later?

oh, an Jimmy will pay for his own dental care from drinking all that soda once you let congress pass the tax hike on junk food, thank you very much.

As to combating smog. That's what the gas and emissions taxes are for.

The federal government would do itself a huge favor if it would create a income/expense website where people could see where the money comes from and where it goes and try to keep revenue streams specific to related issues.

I.E. smoking is one of the worst things you can do health-wise. So it makes sense that taxes on smokes go to health related issues. Taxes on gas going to highway infrastructure and air quality make sense. etc. etc. and so forth.

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raybond
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sales tax on housing sales is something I don't care for . It does not really surprise me the goverment has been talking about it for 30 years.

If a person does not like sales tax or big DMV fees, all I can say is move to Oregon they have neither.

Also remember the government is talking about getting rid of the interest tax deduction on your home to.

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raybond
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Where do you people live I have always had to pay sales tax on a vehicle new ,used,or private party.

As far as ciggs go tax the holly crap out of them and ban smoking anywhere in public. I know that there is some on this board that feel they have the right to smoke anywhere and they are welcome to that opinion.

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IWISHIHAD
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http://www.youtube.com/watch?v=Maz9ddxEQnM


Print the money and pay off China with the worthless stuff.


-

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glassman
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quote:
Originally posted by CashCowMoo:
Glass you got a way to justify THIS tax increase?

justify? LOL...

you want a balanced budget or not?

maybe i should remind YOU that when Bush and DeLay and Trent Lott sent us all those green checks for 800$ to go to Best Buyor Walleye World and get Chinese TVs with back in '03 and '05?

i *****ed and yelled that we would have to pay them back, and nobody gave crap...

guess what? i don't give a crap now. i understand how to plan for taxes and that's what i'm doing & implementing my plans and laugh all the way to the bank. my grandad used to tell me that a penny saved is a penny earned, and dollar in taxes saved is 2 dollars earned [Wink]

taxes were going up the minute Bush cut taxes adn cut checks, and anybody who counldn't figger that then just didn't try.

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glassman
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quote:
Originally posted by raybond:
Where do you people live I have always had to pay sales tax on a vehicle new ,used,or private party.

As far as ciggs go tax the holly crap out of them and ban smoking anywhere in public. I know that there is some on this board that feel they have the right to smoke anywhere and they are welcome to that opinion.

LOL, i am planting tobacco this year ray... that's my answer. my tomaters won't fruit properly here cuz of what they put on the cotton, so i'm going to grow a leaf crop..

tomatoes in season yeild me $1 per pound retail savings right? tobacco is 30$ per pound... why not go where the real money is..

as to the Nazi attitudes about smoking? it's hypocirisy.. the Clintons got all over smokers while they were running the cigar market thru the roof...

i used to get a whole box of Macanudos fro 25$ after Clinton and his crowd made them popular, yes popular, i stopped buying them cuz they went to 5$ per and you couldn't even get a box...

Tobacco is what built America, and it will always be here, and you are not goin' to take my right to smoke out doors without a blood fight. they are already trying that even here in MS and i will go to the suprem court with somebody on that one.

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glassman
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quote:
Originally posted by SeekingFreedom:
quote:
Originally posted by The Bigfoot:
And Bob...that extra .61 per pack is paying for healthcare for low income kids (SCHIP). You sure that is a tax worth complaining about?

A can of soda once a day (if you habit is a pack a day like mine) or a doctor visit for little Jimmy who has an ear infection?

Yeah, you selfish smoker, you! [Wink]

Jimmy needs a better education too, Bob. I think another 50 cents a pack isn't too unreasonable for such an important goal. Do you Bob? Big? How about for Jimmy's dental bills from drinking all that soda in school? I think a quarter a pack more should cover that. And we need to combat smog in urban areas. Since you cause some of it it's only fair for you to help pay to undo it. Another 75 cents a pack should help. (Insert several more sarcastic examples here.)

So, it's only going to cost you about $25 a pack...but think of ALL the good you're doing while lighting up, Bob.

[Good Luck]

so, you have cacklacked it out to be 25$ now?


this is why the GOP is dead as a doornail SF...

when are you guys going to start sticking to facts?

i am not coming back to "conservatism" until the lies stop.. the GOP was not "mandated" to do ANYTHING last fall except replace the other dummies.. they'll be right back out in the cold with lies like these.

Bush and Cheney were so sexessfull scaring everybody with the nukular smoken gun, that the whole GOP is now bent on lies...

for instance, this thread?

i really was hoping somebody else would put this up cuz i always end up sounding like i am defending the Dems and Obama, when i ain't...

read here:

A 3.8 Percent “Sales Tax” on Your Home?

April 22, 2010
Bookmark and Share

Q: Does the new health care law impose a 3.8 percent tax on profits from selling your home?

A: No, with very few exceptions. The first $250,000 in profit from the sale of a personal residence won’t be taxed, or the first $500,000 in the case of a married couple. The tax falls on relatively few — those with high incomes from other sources.
The truth is that only a tiny percentage of home sellers will pay the tax. First of all, only those with incomes over $200,000 a year ($250,000 for married couples filing jointly) will be subject to it. And even for those who have such high incomes, the tax still won’t apply to the first $250,000 on profits from the sale of a personal residence — or to the first $500,000 in the case of a married couple selling their home.


so, the facts are differetn from the propaganda again...

it's getting downright discouraging to hear so many people making crap up as they go to try to move electorates into a false position... i think the Fox folks akshully set back in their smokefilled rooms and make this stuff up all day

the GOP surely has not "earned" the House back since they lost it in '06, yet they have it, and the lies just keep getting bigger adn bigger...

beleive me i want multi-party control. i don't want it based on a dung heap tho [Wink]

all i am interested in is defending the truth. getin' hard to find

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raybond
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Glass we will disagree on tabacco I don't care about that disagreement and I would never have a blood fihgt over smoking. Just say one thing smokers have already lost the fight its just a matter of how long you folks prolong the death of the habit.

This state that I live in has almost band tabacco use and you don't find many who complain about it. For instance there are many small towns here like San Luis Obispo that have made it illegal to smoke in public. I never thought a law like that was enforceable but they are doing it with very little problems.

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glassman
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what do they do to you for smoking outside?

it's creepy to think that "they" beleive they have the right to tell you that you cannot smoke.

there's a new so-called scientific study out that all kinds of people (even MS politicians) are pointing at claiming that second smoke causes heart attacks...

yet, when you go to read the study? they want 40some dollars to read their "study" which i ain't gonna pay, and the "reviews" and abstract clearly state that it is simply a collection of statistics...

i am all for having the legal age to smoke being 21, i am also all for research to help people that want to, to quit smoking, i am also all for having designated smoking areas and designated smoke-free areas based on the owners choice in private bars and restaurants... but to say all bars and restaurants must be smoke free is overbearing, the owner should be able to choose waht clients he/she wants to cater to...
after living in CA? i got used to being in smoke free bars and ans going outside to smoke, loved it in fact... but telling people they can't smoke inside a city limit? you might as well go live in the Soviet Union or Mao's China... i lived in CA for five years so i am well aware of how CA can be Imperialistic-- it's worth fighting for because the next thing will be whatever "they" decide it is..

you do know that "they" buried" real sceince showing that brain cells in vitro get cancer from cell phones right? yet that's not banned.. i'm not joking, the research was being done by people i know personally and it was on a U Califronia campus and paid for by the govt.-

i know you spent a career in incarceration too, do you beleive it would be correct to put me in jail for lighitng up a smoke in the outdoors? cuz i ain't paying the fine, and that's the next step ain't it?

it's absurd

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The Bigfoot
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There is no enforcement of banning smoking outdoors. There can't be, air rights aren't "owned". A determined lawsuit will poke the hell out of those laws and they know it which is why they never enforce.

My wife and I go back and forth on this all the time.

Smoking is bad for you. I accept. Smoking tech is growing. The new electronic cigarettes that the gov refuses to recognize take out all the health effects except for the cardiovascular problems inherent to the nicotine itself.

Anywho, this thread was about the 3.8% sales tax on selling your home after 2013 and as Glass and I both pointed out that is only if you take home more than 250k profit if you are single or 500k profit if you are married.

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raybond
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Sunday, Jan 30, 2011 Posted on Wed, May. 19, 2010
San Luis Obispo's public smoking ban goes into effect Thursday
A new law that bans smoking from nearly all public places in San Luis Obispo starts Thursday.
Under the new law smoking is prohibited in indoor and outdoor areas frequented by the public, including sidewalks, parking garages, bars, restaurants, stores, stadiums, playgrounds and transit centers.

Lighting up in outdoor areas is also banned in areas that are within 20 feet of indoor areas. Exceptions include private residential units and designated hotel rooms, existing tobacco retailers, and outdoor areas in which no nonsmoker is present.

Bars that don't serve food could designate a smoking area located at least five feet from any doorway. The San Luis Obispo City Council approved the new law in April, following a vote in December to ban smoking in Mission Plaza, the downtown creek area and the city's parks. The citywide ban puts San Luis Obispo in the same class with two dozen other California cities that have banned smoking from all areas frequented by the public, including multi-unit residential areas. San Luis Obispo became the first city in the nation to ban indoor smoking in public places 20 years ago.

Currently, more than 100 cities have adopted more stringent ordinances prohibiting smoking from outdoor recreation areas. Locally, Arroyo Grande, Atascadero, Morro Bay and Pismo Beach have banned smoking from public parks, beaches, open space, sports facilities, skate parks, biking trails and dog parks. Police will not actively enforce the smoking ban but may issue citations for violations.

--AnnMarie Cornejo


--------------------------------------------------------------------------------

© 2010 San Luis Obispo Tribune and wire service sources. All Rights Reserved.
http://www.sanluisobispo.com

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raybond
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The police will not jail you but you will get a citation I have seen it

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raybond
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Anyway on the sales tax issue Glass You really cleared that up we all have to live with higher taxes or this mess is never going to be cleared up and the answer down the road is full employment or very close to it.

Like Brown says you will see my budget and then I will work on jobs you don't have to pass it but next year it will be worse.

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glassman
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when Bush went ahead and invaded Iraq the higher taxes were inevitable.

i was sor tof in a state of shock as to how so many people beleived we could afford War without them. Esp after we made such abig deal in the 90's over the peace dividend when the Soviets fell.

I had face to face arguments with good friends who tried to explain to me how th ewar was not that expensive and that we would be able to pay for it by growing ht eeconomy.

nobody was "thinking straight" even if we could have invaded and then walked away without any kind of insurgency, we still could not have waged a war without raising taxes, and CUTTING them? baaaahhh...

all cutting taxes did was to increase the total debt and increase specualtive activity which just made it all worse.

taxes are going up. the longer we put it off? the worse it will be. yes, we can monetise the debt and run infaltion to the moon, but that is just the same thing and it's done behind closed doors so no politician has to take direct blame.

what this country really needs is courageous politicians that will get on stage and tell people what they don't want to hear.

taxing the stcok market transactions make the most sense of any of the ideas i have seen. that and taxing Chinese imports until China allows their currency to trade freely like the rest of us do. The Chinese should have been buying Gold instead of US Dollars. Buyin all these dollars has been an act of financial war IMO, and we have traitors among US that have faciltated it...

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CashCowMoo
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Why arent we taxing Chinese imports more then?

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glassman
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quote:
Originally posted by CashCowMoo:
Why arent we taxing Chinese imports more then?

dunno, every time soembody brings it up the politicians yell "protectionism"...

they are under the delusion that China will someday be a good customer of US products...

either that or they are just making money off it and don't want things to change.

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