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Title: Blog by Novelist William S. Frankl, MD

The ObamaCare Home Sales Tax

Another hidden tax in the ObamaCare bill:

The National Association of Realtors is not pleased with this new tax, but now that ObamaCare is the law of the land and he’s been re-elected, this and other surprises will be breaking through more and more often

And it doesn’t matter which side of the political fence you sit on – it will affect everyone.

So when does your home become part of your health care? After 2012! It’s the HOME SALES TAX !

The National Association of Realtors is all over this and working to get it repealed, — before it takes effect, but that is unlikely to happen. This tax is an effort to steal billions from unsuspecting homeowners.  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, — and it goes into effect in 2013.       Under the new health care bill all real estate transactions will be subject to a 3.8% sales  tax.       If you sell a $400,000 home, there will be a $15,200 tax.  This bill is set to screw the retiring generation, — who often downsize their homes.   You can check this out for yourself at:   http://www.GOP.gov/blog/10/04/08/obamacare-flatlines-obaacare-taxes-home.

Welcome to the brave new world!

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