The Spokesman Review: "Tax on Home Sales. Imposes a 3.8 percent tax on home sales and other real estate transactions. Middle-income people must pay the full tax even if they are “rich” for only one day – the day they sell their house and buy a new one."
The Spokesman Review is a Spokane Washington news source. The article is a must read for anyone interested in the consequences of Obama's health care solution. The article cites 19 new taxes we will be paying, most of which I was not aware of. And, I tend to be a news junky! In the article, Nancy Pelosi is cited as stating, "We have to pass the bill so that you can find out what is in it …" Well, find out we are! The article exposes likely taxes on all sorts of items folks will pay attributed to the new health care bill.
3.8% on home sales? You've got to be kidding me. Doesn't our housing market need to be stimulated. Hmm, it will be stimulated unfortunately in the wrong direction.