Middletown Ohio


Find us on
 Google+ and Facebook

 

Home | Yearly News Archive | Advertisers | Blog | Contact Us
Saturday, November 23, 2024
FORUM CITY SCHOOLS COMMUNITY
  New Posts New Posts RSS Feed - A question for the Realtors!
  FAQ FAQ  Forum Search   Events   Register Register  Login Login

A question for the Realtors!
 Post Reply Post Reply
Author
  Topic Search Topic Search  Topic Options Topic Options
Mike_Presta View Drop Down
MUSA Council
MUSA Council
Avatar

Joined: Apr 20 2008
Location: United States
Status: Offline
Points: 3483 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Mike_Presta Quote  Post ReplyReply Direct Link To This Post Topic: A question for the Realtors!
    Posted: Aug 28 2011 at 10:54pm
There is a rumor going around.  Perhaps one of the Realtors that posts here can clear it up for us with the facts:
Is it true that if you sell your house after 2012 you will pay a 3.8% sales tax on it? 
Supposedly, this is a provision of the Healthcare Act, and it does not take effect until 2013 so that it will not become widely known until after the 2012 presidential election.
Is this true???
“Mulligan said he ... doesn’t believe they necessarily make the return on investment necessary to keep funding them.” …The Middletown Journal, January 30, 2012
Back to Top
Bocephus View Drop Down
MUSA Citizen
MUSA Citizen
Avatar

Joined: Jun 04 2009
Status: Offline
Points: 838 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Bocephus Quote  Post ReplyReply Direct Link To This Post Posted: Aug 29 2011 at 6:58am
Originally posted by Mike_Presta Mike_Presta wrote:

There is a rumor going around.  Perhaps one of the Realtors that posts here can clear it up for us with the facts:
Is it true that if you sell your house after 2012 you will pay a 3.8% sales tax on it? 
Supposedly, this is a provision of the Healthcare Act, and it does not take effect until 2013 so that it will not become widely known until after the 2012 presidential election.
Is this true???
 
More goodness coming from obamacare wasn't it nancy pelosi that said that they have to pass the healthcare bill se we can see whats in it? What a bunch of fruit cakes and very slick to make it take effect till after 2012,and oh yea if you belong to a union you will probaby be able to opt.out of this new tax.Wink I hope this isn't true and if it is true that people remember who cramed obama care down our throats when voting in 2012.
Back to Top
middletownscouter View Drop Down
MUSA Citizen
MUSA Citizen
Avatar

Joined: Oct 11 2010
Location: Sunset Park
Status: Offline
Points: 501 		Post Options Post Options   Thanks (0) Thanks(0)   Quote middletownscouter Quote  Post ReplyReply Direct Link To This Post Posted: Aug 29 2011 at 8:37am
And Snopes delivers the truth: http://www.snopes.com/politics/taxes/realestate.asp

It's 3.8% tax on all capital gains (real estate or otherwise) over $250k per individual or $500k per couple. For most folks who don't deal with capital gains on their taxes, it would probably only relate to selling your home.

But since you'd have to sell your home for a profit of MORE than $250k/$500k (individual/couple), it will probably never apply to anyone living in our fair city...at least not for a long time.
Back to Top
Marlayne Skeens View Drop Down
MUSA Resident
MUSA Resident
Avatar

Joined: Sep 26 2009
Location: Middletown
Status: Offline
Points: 125 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Marlayne Skeens Quote  Post ReplyReply Direct Link To This Post Posted: Oct 18 2011 at 9:27pm
Boy, Have I been away from MiddletownUSA that long? Mike I'm sorry that I didn't respond sooner ~ The Snopes.com has the scoop on the Healthcare Program ~ This is a Program that should never be in a bill like this !!!!!
* Most will never have to pay !!!!!!
I offer Professional, Ethical Service and a Smile,
while Following The Golden Rule ~ Thank You :-)
*For ALL Your Real Estate Needs Call Marlayne with Real Living Realty Services @ 513-465-6747
Back to Top
 Post Reply Post Reply
  Share Topic   

Forum Jump Forum Permissions View Drop Down



This page was generated in 0.125 seconds.
Copyright ©2024 MiddletownUSA.com    Privacy Statement  |   Terms of Use  |   Site by Xponex Media  |   Advertising Information