Home Sales Tax, ..True or False ?

Obama’s Health Care legislation imposes a 3.8% tax on all home sales?

  

Obama’s health care legislation imposes a 3.8% transaction tax on profits over the capital gains threshold.

 

(Sidebar) It’s complicated, ..but then why wouldn’t it be? It’s the result of a “collaboration” between “Barack, Nancy and Harry.”…

According to Webster: col·lab”o·ra“tion, To work together, especially in a joint “intellectual” effort.

According to Webster: in·tel·lec·tu·al, (in context) Rational rather than emotional.

Continuing…

..three “contemporary” (employed by us) “Stooges” that don’t hold a candle to the original “Three Stooges” when it comes to making America laugh. Nevertheless, ..if you contemplate the purpose of government for a moment, ..our come lately (contemporary) “Three Stooges” aren’t  supposed to make “us” laugh, ..nor are “they” supposed to collaborate behind closed doors and create legislation that 70% of America is adamantly against.

Question: Simply because I am unable to resist… 

 Is this the face of intellect, ..or a deer caught in headlights? 

Continuing…

Example of a recent cyberspace (forward)…

“3.8% tax on real estate transactions.

Under the new healthcare bill, did you know that all real estate transactions are subject to a 3.8% sales tax?

If you sell your $400,000 home, this will be a $15,200 tax.

Remember Obama’s battle cry, ..take from the workers and give to the drones.

TAX ON HOME SALES

Imposes a 3.8% tax on home sales and other real estate transactions.

Middle income people must pay the “full tax” even if they are “rich” for only one day, the day they sell their house and buy a new one.” (bologna)

THE TRUTH…

One of the provisions in the reconciliation bill (HR 4872) passed in conjunction with the “Patient Protection Affordability Care Act” (PPACA) healthcare legislation calls for high-end, households to be subject to a new 3.8% Medicare tax on investment income starting in 2013:

(Sidebar)  In a “liberal” (or Obama) interpretation, ( a home purchase) is considered an investment, ..thus the sale of your home, is considered investment income.

(HR-4872) is a complicated section of a complicated piece of legislation, and the 3.8% Medicare tax has been frequently misreported as amounting to a 3.8% sales tax on all real estate transactions. This is incorrect: the Medicare tax is not a sales tax nor does it apply to all real estate transactions; it is a tax on investment income which may or may not derive from the sale of property only for persons who earn more than the amount specified in the bill.

 (Nevertheless, ..it’s Crap!)

The Medicare tax will be imposed only on individuals within income above $200,000 and couples with a joint income of more than $250,000, a figure which currently “excludes” i.e., (doesn’t include) approximately 97% of all U.S. households. Further, the tax will not be assessed on every house sale, ..but only on real estate transactions that produce profits over a pacified dollar amount as Sara Orrange, government affairs director of the Spokane Association of realtors noted in response to a repetition of the sales tax rumor in the “Spokane spokesman review.”

Accordingly, if you fall into the 97% of Americans that earn less than $200,000 a year, you can ignore the “scare tactics” E-mail (forwards) presently swimming and zipping about, in, around and through cyberspace.

Which of course is a good thing for the 97%, ..unless of course you’re one of the 97% who has an ambition to rise above the 97%, ..in which case you’re pretty much screwed.

Editorial: The conflict between America and Britain was not fought, nor was the Constitution written as a document to enslave the population. If Barack Obama, Nancy Pelosi and Harry Reid had an understanding of Abraham Lincoln’s emancipation proclamation, the population of America would not now be bickering over “ObamaCare,” ..or any other (Nanny State) program that the Obama administration is trying to ram down our throats.

America was not founded to be a Nation where an individual, man or woman, is collared like an ox. Our founding fathers understood the definition of the word freedom and they used it often in our Constitution and our Bill of Rights.

If Barack Obama, Nancy Pelosi, and Harry Reid wish to be dictators, they are getting their mail in the wrong country.

The Emancipation Proclamation is an executive order issued by United States President Abraham Lincoln on January 1, 1863, during the American Civil War using his war powers. It proclaimed the freedom of slaves in the ten states then in rebellion, thus applying to 3.1 million of the 4 million slaves in the U.S. at that time. The Proclamation immediately freed 50,000 slaves, with nearly all the rest (of the 3.1 million) freed as Union armies advanced. The Proclamation did not compensate the owners, did not itself outlaw slavery, and did not make the ex-slaves (called freedmen) citizens.

On September 22, 1862, Lincoln issued a preliminary proclamation that he would order the emancipation of all slaves in any state of the Confederate States of America that did not return to Union control by January 1, 1863.

None returned, and the order, signed and issued January 1, 1863, took effect except in locations where the Union had already mostly regained control. The Proclamation made abolition a central goal of the war (in addition to reunion), outraged white Southerners who envisioned a race war, angered some Northern Democrats, energized anti-slavery forces, and weakened forces in Europe that wanted to intervene to help the Confederacy.

Slavery was made illegal everywhere in the U.S. by the Thirteenth Amendment, which took effect in December 1865. (Source Wikipedia)

Abraham Lincoln brought the full force of his office together and took America to war to oppose a division of America.

In recent weeks and months, ..I have personally been in audience to more than a few news commentaries where “Barack Obama” has been compared to Abraham Lincoln.

Barack Obama is presently bringing the full force of his office to bear in an effort to “divide”America,  ..accordingly, ..would someone please explain to me “when” Merriam-Webster changed the definitions of “different” and “opposite”?

Not that anyone has asked for my opinion, ..albeit since this is my platform, here it is…

 

                Different and Opposite,               ..and opposed

 Think about it, I’ll be back tomorrow

Crusader Rabbit…

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