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What Obamacare Unleashes for Next Year

Interesting read...

Here is a glimpse...

Beginning January 1, 2013, ObamaCare imposes a 3.8% Medicare tax on unearned income of ?high-income? taxpayers which could apply to proceeds from the sale of single family homes, townhouses, co-ops, condominiums, and even rental income, depending on your individual circumstances and any capital gains tax exclusions. Importantly, the ?high income? thresholds are not indexed for inflation so will reach increasing numbers of middle-class taxpayers over time.Sell a $100,000 home, pay the feds $3,800. Sell a $400,000 home, pay the feds $15,200!

http://www.gop.gov/blog/10/04/08/obamacare-flatlines-obamacare-taxes-home

Re: What Obamacare Unleashes for Next Year

  • Last year there was a $250,000/$500,000 exclusion for profit on a house sale for single/married couples.  In other words, if you didn't make more than $250,000 on a house as a single person, you didn't pay any tax on the proceeds.  Is that eliminated or is the tax just on any profit above that?
  • Yeah so your information is pretty much wrong or at least not accurate.  It will only affect a very small number of people.  And it's for people making large salaries and more than $250,000/$500,000 on a house sale which is even more uncommon these days.

     http://www.snopes.com/politics/taxes/realestate.asp

    sorry no clicky.  Nice try though. 

  • Yet another misinforming fear tactic. 

    It gets really old fast.  And it goes a long way in making me not trust anything the party says. 

    And before you get all "typical liberal/dem"...I am talking about both sides bending the truth.  It sucks and makes it hard to really grasp the true logistics on their plans.

  • I have the cliff notes version of what takes affect next year if anyone is interested
    Baby Birthday Ticker Ticker
  • imagevlagrl29:
    I have the cliff notes version of what takes affect next year if anyone is interested

    Does it include the part where people get health care?

    Warning No formatter is installed for the format bbhtml
  • imageCoffeeBeen:

    imagevlagrl29:
    I have the cliff notes version of what takes affect next year if anyone is interested

    Does it include the part where people get health care?

    I think so, I need to find it.  may take me a little while.  I found it very ligit and easier to read than 2000 pages that someone also sent me 

    Baby Birthday Ticker Ticker
  • imageCoffeeBeen:

    imagevlagrl29:
    I have the cliff notes version of what takes affect next year if anyone is interested

    Does it include the part where people get health care?

    At an extremely high cost for just about everyone?  Oh, and let's not forget the shortage of physicians, prescription meds that some need to survive, higher premiums (and I mean absurd premiums), incredibly long wait times for appointments...

    Sorry, couldn't resist. 

  • Healthcare is already at an extremely high cost for just about everyone.

    So there's that. 

    Warning No formatter is installed for the format bbhtml
  • imageFezzesAreCool:

    Healthcare is already at an extremely high cost for just about everyone.

    So there's that. 

    QFT. 

    Baby Birthday Ticker Ticker
  • image**cantwait**:
    imageCoffeeBeen:

    imagevlagrl29:
    I have the cliff notes version of what takes affect next year if anyone is interested

    Does it include the part where people get health care?

    At an extremely high cost for just about everyone?  Oh, and let's not forget the shortage of physicians, prescription meds that some need to survive, higher premiums (and I mean absurd premiums), incredibly long wait times for appointments...

    Sorry, couldn't resist. 

    Um, this is already the case before Obamacare. 

    When my husband had a serious health issue but didn't have a primary care provider (we had recently moved), the soonest appointment I could get for him was 4 months in the future. Four months! It was either that or the emergency room. 

    That's when I laugh when I hear people say "but OMG if we have universal healthcare, you'll have to wait to get an appointment!" That's already the case!  Except now you have to pay through the nose for it, plus spend hours of your life dealing with insurance companies and paperwork and it may or may not be covered and you may or may not be making yourself ineligible for future insurance by seeking treatment in the first place.

    image
  • image**cantwait**:
    imageCoffeeBeen:

    imagevlagrl29:
    I have the cliff notes version of what takes affect next year if anyone is interested

    Does it include the part where people get health care?

    At an extremely high cost for just about everyone?  Oh, and let's not forget the shortage of physicians, prescription meds that some need to survive, higher premiums (and I mean absurd premiums), incredibly long wait times for appointments...

    Sorry, couldn't resist. 

    Lol that this didn't exist before Obamacare 

    Maya Avery 3/2011
    image
    Uploaded from the Photobucket iPhone App
  • image**cantwait**:
    imageCoffeeBeen:

    imagevlagrl29:
    I have the cliff notes version of what takes affect next year if anyone is interested

    Does it include the part where people get health care?

    At an extremely high cost for just about everyone?  Oh, and let's not forget the shortage of physicians, prescription meds that some need to survive, higher premiums (and I mean absurd premiums), incredibly long wait times for appointments...

    Sorry, couldn't resist. 

    Oh yes, we should definitely deny those without insurance healthcare because there is a shortage of doctors.  We really should let those folks just die so the rest of us don't have to wait in line at the doctor.  Good idea. 
    Photobucket

    AlternaTickers - Cool, free Web tickers
  • imageJeniLovesNeil:
    image**cantwait**:
    imageCoffeeBeen:

    imagevlagrl29:
    I have the cliff notes version of what takes affect next year if anyone is interested

    Does it include the part where people get health care?

    At an extremely high cost for just about everyone?  Oh, and let's not forget the shortage of physicians, prescription meds that some need to survive, higher premiums (and I mean absurd premiums), incredibly long wait times for appointments...

    Sorry, couldn't resist. 

    Oh yes, we should definitely deny those without insurance healthcare because there is a shortage of doctors.  We really should let those folks just die so the rest of us don't have to wait in line at the doctor.  Good idea. 

    Well yeah. Cause, well, socialism.

    imageimageimageimage
  • imageJeniLovesNeil:
    image**cantwait**:
    imageCoffeeBeen:

    imagevlagrl29:
    I have the cliff notes version of what takes affect next year if anyone is interested

    Does it include the part where people get health care?

    At an extremely high cost for just about everyone?  Oh, and let's not forget the shortage of physicians, prescription meds that some need to survive, higher premiums (and I mean absurd premiums), incredibly long wait times for appointments...

    Sorry, couldn't resist. 

    Oh yes, we should definitely deny those without insurance healthcare because there is a shortage of doctors.  We really should let those folks just die so the rest of us don't have to wait in line at the doctor.  Good idea. 

    Natural selection! Let the poor die, then all that will be left are the wealthy. Duh.  

    Maya Avery 3/2011
    image
    Uploaded from the Photobucket iPhone App
  • I haven't read your post or the replies yet, just the title.

    Is it the Kraken? Please say it's the Kraken....

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