Health Care Reform Bill Levies 3.8% Sales Tax On Sale Of Real Estates.

There are lots of questions regarding the new health care reform bill

, now the latest news I got to hear is shocking and I believe it will strike you too. I got to hear that the new health care reform bill is going to add 3.8% sales tax on sales of home. Yes thats true even I didnt believe when I heard about it but soon after researching a bit I got to know that its true that the new health care reform bill is going to add 3.8% tax on sale of home.

But there is no need to worry about that because the whole concept behind the plan is that the 3.8 sales tax applies only for those tax payers who are making 200000$. All the residential real estate I own has dropped 40-50% in value so no need to worry about profits. For many us real estate types, it will be many years (if ever) before we work off carry forward losses from real estate activities of the last several years, so income thresholds aren't an issue either.

Health care reform is a new feature came into practice after Obama won the political battle. This is a very new service available to all Americans but hardly any have the knowledge of health care reform. There are lots of facilities that all common American are about to receive after the approval of the plan. With the help of health care reform you will receive more Medicare benefits, donut hole was very notorious part of medical part d instruction drug advantage and of distress to many people who have united a Part D drug plan. But now you can get an instant 250$ refund if you hit the donut hole. Another big advantage of heath care reform is there will no fees for senior citizens this will facilitate the senior citizens to visit doctor without any worry of the cost because it will be available for free.

However our topic is not about the facilities we are going to get from the new health care reform but about the sales tax implemented on sale of houses. Washington is fiddling with the market in which we earn our leaving thats why I am glad to know that this 3.8% sales tax only applies to profits over 500k for joint filers. The 500K profit threshold pretty much eliminates most home sales unless the homes are selling for millions of dollars, which is a very small percentage of homes.

by: Peter B Andrew

POST COMMENT

Prepare Your Home For Winter During This Daylight Savings Time Liver Disease Diet - How To Start Your Simple Nash Diet Now How To Curb Nicotine Addiction With Electronic Cigarette Therapy Cellulite Exercises - Do They Work? Buy Your Bath And Body Products Based On The Back Label, Not The Front Label Candida Symptoms - What You Need To Know! The Remedy For Cellulite What Are Normal Blood Pressure Readings? What Is Gestational Diabetes - Causes, Symptoms And Treatment Information On Smoking An Electronic Cigarette Acai Berries For A Healthy Heart Hot Stone Massage Alleviate Aches More Effectively Learn To Maintain Eye Health