Monday, September 20, 2010

The Real Estate Tax Hidden in the Obamacare Act

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, you ask?  Why, it is in our new healthcare reform act. What does this have to do with health care? Nothing, except for the fact that our government must find a way to fund this un-constitutional, freedom-stealing, socialistic mandated program.  Hence the need for this new real estate tax.

The bulk of these new taxes don't kick in until 2013, presumably after Obama's re-election. (God help us all if that comes to fruition!)  You can thank Speaker Pelosi, Senate Majority Leader Harry Reid, President Obama and nearly all of your local Democrat Congressman for this one.  The Obamacare law is set to screw the retiring generation who often downsize their homes, in particular.

  
Oh, you weren't aware this was in the Obamacare law? Guess what? You are not alone. There are more than a few members of Congress that aren't aware of it either.  Such is the result of clandestine midnight voting for huge bills they've never read though.


Keep this in mind when it comes time to vote in a month and a half from now.  We need a conservative majority willing to repeal this un-constitutional law.  Further, we need a veto-proof majority in both the House and Senate, as our Marxist in Chief will surely veto any attempts to repeal his signature piece of legislation. 


While I don't necessarily expect we will be able to make conservative gains in congress approaching those thresholds, anything less will leave this law in place to wreak further havoc until we do manage to elect a conservative president in 2012.  Will simply having a conservative majority, if not a two-thirds veto-proof majority, be enough to save our economy?  I don't know, but it will be vital to repeal this travesty of a "law" as soon as possible if our economy is to survive.  Real health care legislation that actually addresses problems there can then be introduced at that point.  In the meantime our current Healthcare Reform Act simply encumbers our citizens with additional taxes, further debilitates our economy, and worsens our health care.

1 comment:

Fidel Martin said...

Looking for private houses for sale? allhomes.com.au is a reputed private real estate firm offering reliable services in Australia. Visit today to choose from a wide range of private house for sales.

http://www.allhomes.com.au/ah/act/welcome