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Hidden "Real Estate" taxes in Obama`s Health-Insurance bill?
Is this an example of Obama`s transparency? Another example of how he is taxing the poor, middle class & rich class of our country? Can anyone comment on this?
9 Answers
- IsabellaLv 41 decade agoFavorite Answer
He is not transparent. He wants to redistribute wealth, but sometimes the poor are not as poor at all, and many of the unemployed are just waiting for the perfect job before finding job now. I was married to one of those guys, and he always waited until his benefits were about to expire before he looked for a job.
I think the American dream is to go upward, become rich, and by taxing the "rich" everyone will be even. But as we saw in USSR, this never worked. The rich will move away - John Kerry is housing his yacht in another state to avoid paying taxes, and others will do the same. Plus I do not believe that nowadays $250,000 is considered very rich. Let's see how much the Obamas pay in taxes.
Actually, the weird fact about Obama is that no one knows what he really thinks or stands for. He has someone writing his speeches. He has a teleprompter - or teleprompting team - to answer questions. He has a set of seasoned leftist advisors, and I bet he has not read any of the bills he signed to date in full. It is like having a puppet in the White House that someone directs, and I would like to know who that is.
There will be more "hidden surprises" that we will be discovering years after he is gone from the White House.
There is an article in today's Investors Business Daily (link below) about the administration trying to do backdoor amnesty for illegals against the Constitution and Congress. So I guess we will be finding Rahm's rotten fish all over the country after they are finally gone...
- kermanLv 45 years ago
Its no mystery, a few dems didn't vote for it however ample did to get it handed.They don't seem to be walking clear of the reality they did, the person who did.There might be advertisements establishing this month on that problem.The republicans nonetheless haven't any suggestions or soulutions to the main issue they created.Boehner attempted to , however he failed in pronouncing simply two extra years for the tax holiday for the wealthiest two% of Americans.What he honestly mentioned was once,maintain taxes the way in which they're for the following two years.How lengthy will boehner and the GOP insult the intelligence of the uneducated folks of this Country.They are actually going to take a look at to goal those folks with incorrect information once more. As for @Debra H, this can be a best instance of ways incorrect information can do harm.
- justgetitrightLv 71 decade ago
The tax is not a 'real estate' tax, some have called it a sales tax but what it is, is a Medicare Tax.
The Medicare tax of 3.8% will not affect all home sales, it will affect homes that are part of an investment and the profits are taxed as they are today with the addition of the Medicare Tax as a new addition.
Now, the question is what would constitute an investment. Obviously it would be the sale of a home that was not your primary residence, there are times when selling your primary home could be considered an investment.
Lets say that you place your home up for sale for $750,000, after the home sells you purchase a smaller home for $200,000, you have a profit of $550,000. You can take the one time $500,000 exemption leaving you with a profit of $50,000 thus you will pay taxes on your investment income and an additional 3.8% tax for Medicare.
I don't think that this will have much of an impact except for big investors such as house flippers.
- ?Lv 61 decade ago
The other hidden tax wax the tax on gold you own. In 2000 pages they could hide lots of things we will be finding out as we go.
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- Debra HLv 71 decade ago
This is no surprise.. what can we expect from a program for health that internal revenue is going to handle.
Our health is the last thing Obama or this government care about.
- NikkiLv 71 decade ago
Doncha luv it? 2000 pages...dno one reads it. Pelosi says to wait till it takes effect to see its good....what BS. With that much verbage bureaucrats could write rules saying you have to donate a kidney what your 20, no matter what.
- 1 decade ago
I wouldn't be surprised, but a link would help otherwise you'll be accused of making stuff up