Obama health care reform imposes 3.8% tax on all income from home sales and home rental income

catherine at 08:58 2010-09-27 said:

this is HOW real estate will die on the vine............you tax what you don't want more of..............AND IN the healthcare bill?????

disgusting, just disgusting...............

so not only is your home dropping in value by 50% or more but now you will lose even more.............but hey it ain't our money - it all belongs to the government now, just ask them. Permalink

KevinNevada at 02:24 2010-09-29 said:

This fine site should be careful re-posting stuff from "Prison Planet" which is a right-wing blog with an agenda, not a news source. Please note for the future!

A simple look over to FactCheck.org would reveal that very few homeowners will be subject to this tax. The exclusions and exemptions mean that very few transactions will be taxed. The middle class is safe, most homes won't see this tax.

Here's the link to reality:

http://www.factcheck.org/2010/04/a-38-percent-sales-tax-on-your-home/ Permalink

catherine at 02:54 2010-09-29 said:

This fine site should be careful re-posting stuff from "Prison Planet" which is a right-wing blog with an agenda, not a news source. Please note for the future!

A simple look over to FactCheck.org would reveal that very few homeowners will be subject to this tax. The exclusions and exemptions mean that very few transactions will be taxed. The middle class is safe, most homes won't see this tax.

Here's the link to reality:

http://www.factcheck.org/2010/04/a-38-percent-sales-tax-on-your-home/

oh so IT IS TRUE, correct, just in your opinion won't hurt that many people................offlmfao

yeah 350,000 and over, like you say, no need to worry IT AIN'T HURTING ME...................

but if you paid attention to history you would know that when that doesn't bring enough income in as they counted on then they will ramp it down and since ahem like your post, people didn't CARE AS long as it only affected those mean ole rich people, well no one will care when it affects you...............

my point is that this is just one little step to stomp out real estate investment...........and that is reality.......

beating up rich people has never worked in history when it was tried and won't this time..........ask ny and nj, the rich just move............in this case they won't sell..............they don't have to............

ask those people who make less than 250,000 who smoke, have their insurance premiums doubled, etc., about that 'only tax people over 250,000..........

and the same with the healthcare lie, you can keep your insurance............but a business a day it seems is cancelling their employee's insurance benefits (ooops, they said that wouldn't happen)

that screw the rich gag is to sell the ignorant and it works everytime............

http://www.realclearpolitics.com/video/2009/12/03/pelosi_transaction_tax_has_great_deal_of_merit.html

i know i know, this one too is just for those evil rich............that middle class which is disappearing must just want to disappear, right?

http://www.youtube.com/watch?v=HZB5sk_18MY&NR=1 Permalink

KevinNevada at 04:25 2010-09-29 said:

Catherine: this item was offered as an "OMG, look here, we're all being screwed secretly" thing, which is how "Prison Planet" played it. Others across the RW blogosphere are doing the same. Well, the facts don't support the allegations and your tirade does not change that.

The treatment given the story amounted to a gross inaccuracy.

The fact is, this new tax will affect very few people, probably almost no one who reads this site.

There are problems with the HCR as passed, but its critics are ignoring a simple, pesky fact: that market has been collapsing for several years now. Even before HCR passed for example, Blue Cross/Shield in CA was announcing huge premium increases (over 30 percent). Nationally, health insurance was rising at twice the general inflation rate, for about the past decade.

The model of providing health care via employer-based insurance, provided by for-profit companies, is failing, has failed, works no where else in the world either (it's been tried) and needs to be phased out.

Private health insurance makes sense as a supplement, as with Medicare but not as the primary provision of access to health care. The sooner we Americans stop trying to be unique in the world, and start learning what works for everyone else, the happier we will be.

We spend twice what anyone else does, and get little benefit for it. Permalink

catherine at 04:56 2010-09-29 said:

Catherine: this item was offered as an "OMG, look here, we're all being screwed secretly" thing, which is how "Prison Planet" played it. Others across the RW blogosphere are doing the same. Well, the facts don't support the allegations and your tirade does not change that.

The treatment given the story amounted to a gross inaccuracy.

The fact is, this new tax will affect very few people, probably almost no one who reads this site.

There are problems with the HCR as passed, but its critics are ignoring a simple, pesky fact: that market has been collapsing for several years now. Even before HCR passed for example, Blue Cross/Shield in CA was announcing huge premium increases (over 30 percent). Nationally, health insurance was rising at twice the general inflation rate, for about the past decade.

The model of providing health care via employer-based insurance, provided by for-profit companies, is failing, has failed, works no where else in the world either (it's been tried) and needs to be phased out.

Private health insurance makes sense as a supplement, as with Medicare but not as the primary provision of access to health care. The sooner we Americans stop trying to be unique in the world, and start learning what works for everyone else, the happier we will be.

We spend twice what anyone else does, and get little benefit for it.

I think a 3.8 tax ON ANYBODY IS WARRANTED of an article that says we are getting screwed out here, history shows that they never stop there..........

and do you think adding 32 MILLION new customers to a business and then ORDERING private companies to take care of them adds any new costs???

and I don't care if taxpayers getting screwed are too rich to read this site, those are just communist reasons.............

I don't know your level of income but I can find someone in some poor area with 5 kids THAT THINKS we should screw you for more taxes,

this is the slipperiest slope on the planet............and I appreciate your answer, I really do, you don't just blast like many here

but I do take total offense at the statement that America needs to quit being unique in the world, and just get along to go along...........HONEY THAT UNIQUENESS IS WHAT MAKES US SPECIAL............the richest on the planet came here for their healthcare, the best on the planet so unlike most liberals I know government run healthcare doesn't compare............

HAVE YOU been behind the Iron Curtain when it was up? I have, the people were all the same EXACT THE RULING CLASS..........they had the special healthcare, the special big cars.............and they made sure no one they didn't hand pick could succeed.

and all those European socialist countries are running from HUGE socialist healthcare industries, RUNNING from them.........Greece has been ordered to undo their horrible government run healthcare by the IMF.......this is not the fix.......

I was in the military, you had your death panels, you had rationing and it wasn't pretty. If you disagreed with the $65,000 doctor there was NO SECOND CHOICE.

Just like they nationalized us by calling us evil and greedy and now the government is poised to do the worst subprime on the planet.........

they said the same about healthcare industries but you know what

if I didn't like Blue Cross, I had other choices.................

healthcare needed some fixes but adding every illegal in the land and forcing the healthcare to service them is destructive.........

my hairdresser said the same you did, she was all for the freebie.............I asked her what would happen if the government ordered her to service everyone who could crawl to her shop, and she was aghast, she said she would go broke...............EDUCATION IS A WONDERFUL THING...........

it will be repealed..........

but thank you for the nice reply, free speech is magical, isn't it? Permalink

dreamer at 05:19 2010-09-29 said:

Obummer...

they also stuck in the mandatory filing of a 1099 for any transaction over $600...that is specicially targeted at the gold bug crowd...in a health care bill?

Yeah, like Pelosi said...ya gotta pass it so we can see what was in it... Permalink

KevinNevada at 06:31 2010-09-29 said:

Catherine: We have the most costly (in $'s/capita) health care in the world, and our outcome stats trail many others, in many categories. We have no reason to brag about it, at all. Under our old system (the pre-HCR status quo) costs were soaring, at twice the inflation rate for the past decade. That system had failed and was breaking down. So yes, it is time for us to quit being too arrogant to learn something from the rest of the world. Other countries have tried for-profit health insurers, like us found that it fails, but unlike us, decided to change to better systems. There are many alternatives. We don't need the Socialistic no-choices system we impose on our own service people. We don't need to repeat the mistakes of other nations. But there are some good systems out there for us to learn from. Our own Medicare system works pretty well for most of the seniors. The add-on private plans fill the gaps well. Why can't we just expand that to cover everyone, and cut out the ENORMOUS bills we pay for insurance right now, through our employers? The costs of the for-profit insurance companies helped to ruin the auto manufacturers, and they are stressing everyone else too. Ask any business owner. The status quo is not defendable.

Being unique in good things is wonderful. Being unique in having the stupidest health care system on the planet is not.

And yes, I have lived in other nations and seen their HC systems up close. The UK's is not the horror you are told it is. It's also far from perfect. Norway's was great but they had oil/gas money to burn.

There is a lot I don't like about the HCR bill that was passed. But the conservative answers I see are not better, in many details, worse. Permalink

catherine at 09:08 2010-09-29 said:

Catherine: We have the most costly (in $'s/capita) health care in the world, and our outcome stats trail many others, in many categories. We have no reason to brag about it, at all. Under our old system (the pre-HCR status quo) costs were soaring, at twice the inflation rate for the past decade. That system had failed and was breaking down. So yes, it is time for us to quit being too arrogant to learn something from the rest of the world. Other countries have tried for-profit health insurers, like us found that it fails, but unlike us, decided to change to better systems. There are many alternatives. We don't need the Socialistic no-choices system we impose on our own service people. We don't need to repeat the mistakes of other nations. But there are some good systems out there for us to learn from. Our own Medicare system works pretty well for most of the seniors. The add-on private plans fill the gaps well. Why can't we just expand that to cover everyone, and cut out the ENORMOUS bills we pay for insurance right now, through our employers? The costs of the for-profit insurance companies helped to ruin the auto manufacturers, and they are stressing everyone else too. Ask any business owner. The status quo is not defendable.

Being unique in good things is wonderful. Being unique in having the stupidest health care system on the planet is not.

And yes, I have lived in other nations and seen their HC systems up close. The UK's is not the horror you are told it is. It's also far from perfect. Norway's was great but they had oil/gas money to burn.

There is a lot I don't like about the HCR bill that was passed. But the conservative answers I see are not better, in many details, worse.

I think there is nothing better than the most important thing, our health to be unique in, disagree there.

you seem to gloss over that Americans don't want this change, do you think it has to be shoved down their throats, that is arrogant..........

the status quo now is this horrendous garbage bill and you seem to be defending it pretty well?????

you start off saying we have the most expensive system in the world, WAIT UNTIL YOU SEE THOSE COSTS ON STEROIDS.......add 32 million people and you think those costs WILL GO DOWN????

I have friends in the UK, don't get sick at night or on the weekends and if you don't agree with them, you are screwed..........Norway is a teeny country, we have 300 million people.............

and those nice add-ons you speak of are being outlawed......they were for non essentials LIKE PILLS, medicaire is just a shell program...........that is the medicaire advantage people had to pay for, they are going away in this............they stoles 500 billion from our seniors to insure illegals, disgusting........

again, the richest people on the planet come here to get well, don't think that means we have the most stupidest program in the world...........cancer deaths in the UK are huge...........compared to ours..........

you are right there are a lot of other options, too bad Mr. Nationalization didn't get together with America and work it out, those guys locked the door and kept america out, THEY GAVELED IT THRU....................

and until we remove the 50 million illegals I am not for taxing the rest in this economy to pay for them..........

he brags asbout the new big healthcare bill that everyone is now going to pay, you know that fantasy land liberal crap, IT SURE LOOKED GOOD ON PAPER, but what about the indigent --- the government will still have to pick up their costs, but not not for emergencies and serious stuff, nope they will be in there for nosebleeds and headaches...........

on top of that he packed 16,000 IRS agents and taxes on the sales of houses in he bill, AND THAT IS JUST WHAT WE KNOW OF...........THE COSTS ARE OUTRAGEOUS ..........

this is the most disgusting piece of legislation to ever be shoved down our throats and you don't seem to mind that 7 out of 10 people don't want it..............communists shove it down the throats,

unfortunately for you

America is still a majority of people that LOVE HER UNIQUENESS, LOVE her freedoms

and that especially counts in their healthcare.........

again I say those fantasy socialist programs you are bragging about the world has, have unfortunately gone bust, Germany, Spain and Greece are RUNNING away from their mistakes

as we hurtle straight for them......

this was not the 'right' fix and it will be repealed

and yes we need to make changes

but 50 million illegal freebies go away first and you would be surpised how financially efficient that would be for our healthcare and education systems..........

we will just have to disagree on this one and see where it shakes out............. Permalink

KevinNevada at 03:12 2010-09-30 said:

Catherine: the polls were all over the place on HCR, and some of the 'opposition' came from the many of us who wanted the reforms to go further. The lack of a public option makes many of the other provisions difficult to enact, and that will have to be rectified. I don't want a government-only plan. But a universal bare-bones basic plan makes more sense, with private add-ons as people choose for themselves. That is how Medicare works, and it works fairly well too. The HCR is not going to be 'repealed', to go back to the collapsing former situation. Well-heeled people from other nations come to our best clinics. True. That is not the standard of health care available to most of the people who live here. The private insurance companies run real Death Panels, right now.

I lived in the UK. I never said that their system is the best, but it does have some features we could adopt. So do other, even better systems. And yes, a universal system can control its costs. You pay a hidden cost for the un-covered people, under our old system, via the transfer costs to pay for emergency care - the most expensive and stupid way to provide urgent care to the un-insured. That is the system you are defending. Madness!

The French system combines public coverage with private care added on. They spend about half what we do, per-capita and their outcome stats are equal to or better than ours, depending on the stat. you're measuring. That is just one example. There are others.

The Democrats won two elections in a row. The people gave BHO and the Democrats in Congress a mandate for change. These are facts.

Many ugly things were rammed down our throats in 2001-08. I love this country too. Conservatives do not own 'patriotism'.

There are not "50 million illegals" in this country, there are far less - and about one million fewer than in 2008. Border enforcement is beefed up, workplace raids tripled, all since BHO took office. More facts. A movement based on misinformation may win an election - maybe - but cannot govern successfully. This new GOP Pledge is economic bullshit and a retread of ideas which have already failed us. And their numbers just don't add up.

I will be busy working the next few days, so I'll leave this thread. I appreciate civil discussions too. Good luck in your business. Permalink