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Selling your home after 2012

A dirty little secret about Obamacare that really hits homeowners. Somehow, in their rush to pass Obamacare without having read it, the federal govt is sticking it to the middle class, again.
The National Association of Realtors is all over this and working to get it repealed, before it takes effect. You might ask your congress-critter where he stands on this.

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 and goes into effect in 2013. Why 2013? Could it be to come to light after the 2012 elections? So, this is “change you can believe in”? 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, including us veterans, who often downsize their homes. Does this make your November and 2012 vote more important?

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