Real estate blog entries tagged with obama health care plan and taxation by Randy Wells (Keller Williams Community Partners)

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Home : Blogs : Randy Wells : Randy Wells's Blog : Tag "obama health care plan and taxation"

obama health care plan and taxation: Obama Health Care Plan and an Additional Real Estate Tax - 01/12/12 04:48 PM

I just received an email from my Dad about a real estate tax that would be part of the Obama Health Care plan.
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.
I have attached two links to the National Association of Realtors website. … (0 comments)

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Randy Wells

Dawsonville, GA

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Keller Williams Community Partners

Address: 540 Lake Center Parkway, Suite 201, Cumming, GA, 30040

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