Fact Or Fiction, Realtor’s Check Before!

Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it to help pay for the ObamaCare bill? 

I recently received this from a seasoned real estate agent in a mass mailing, is it fact or fiction. As Realtor’s we have an obligation to pass along creditable information. Have you seen this e-mail, take a look below, what do you think is it fact or fiction?

 

Subject: Fw: Home Sales Tax-effective Jan. 1, 2013

 

Say this isn't so!!!!!!!!!!


When does your home become part of your health care? After 2012!   
Your vote counts big time in 2012, make sure you and all your friends and family know about this !   
  
HOME SALES TAX   
  
I thought you might find this interesting, -- maybe even SICKENING!   
    
The National Association of Realtors is all over this and working to get it repealed, -- before it takes effect.  But,  I am very pleased we aren't the only ones who know about this ploy to steal billions from unsuspecting homeowners.  How many realtors do you think will vote Democratic in 2012?   
    
Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it?  That's $3,800 on a $100,000 home, etc.  When did this happen?  It's in the health care bill, -- and it goes into effect in 2013.  Why 2013?  Could it be so that it doesn’t come to light until after the 2012 elections?  So, this is ‘change you can believe in’?   
    
Under the new health care bill all real estate transactions will be subject to a 3.8% sales tax.   
    
If you sell a $400,000 home, there will be a $15,200 tax.  This bill is set to screw the retiring generation, -- who often downsize their homes.  Does this make your November, 2012 vote more important?   
    
Oh, you weren't aware that this was in the ObamaCare bill?  Guess what; you aren't alone!  There are more than a few members of Congress that weren't aware of it either.   
    
You can check this out for yourself at: 
  
http://www.gop.gov/blog/10/04/08/obamacare-flatlines-obamacare-taxes-home

I hope you forward this to every single person in your address book.   
VOTERS NEED TO KNOW.

 

The statement above is misleading,

NO you will not pay $3,800 for each $100,000 of house sold !

YES there is a proposed 3.8% transaction tax BUT it is on profits over the capital gains (investment income) thresholds, this tax will fall on net income of the few high-income.

This is not a “sales tax” but a tax on the profit. For a principal residence, only the amount of profit that is above $250,000 will be taxed for single and $500,000 for a couple.

To read more on this tax I have provide two links below.

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

http://www.realtor.org/small_business_health_coverage.nsf/pages/health_ref_faq_med_tax?opendocument

 

 

 

 

David Popoff is a Connecticut license real estate agent in lower Fairfield County. He has lived and worked in the area for over 30 years and now reside in Darien since 2004.

  • Member of the Multiple Listing Service, MLS.
    • Darien
    •  Greenwich
    •  Greater Fairfield County
  • Member of the Connecticut Association of Realtors, CAR.
  • Member of the National Association of Realtors, NAR.
  • Green Affiliations.
    • Realtor GREEN designation by the National Association of Realtors.
    • David Popoff is an accredited LEED Accredited Professional (LEED AP) Homes and USGBC member of the Connecticut chapter (CTGBC).  
    • Associate member and an accredited Certified Green Professional (CGP) of National Association of Home Builders (NAHB) and the local chapter HBRA-Fairfield County, Ct. .
  • Contact David Popoff at William Pitt Sotheby’s for all your real estate needs in Darien, Greenwich, New Canaan, Rowayton and the rest of lower Fairfield County.

 

 

 

 

 

 

 

 

 

DMK Property Management, Darien, Ct.

 

~ David A. Popoff ~ Licensed Connecticut Realtor ~ LEED AP Homes accredited ~ Cell (203) 228-0646 ~

 ~ www.DavidPopoffCT.com ~ DavidPopoffCt@Hotmail.com ~ http://davidpopoffct.wordpress.com/ ~

 

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9 Comments on Fact Or Fiction, Realtor’s Check Before!

MAY
30
1,422,166 Points 41 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

WOW .. .politics and real estate is not my cup of tea. . .but I know puffing when I see it. .

 
8:03am • #1
136,590 Points Outside Blog

We get bunches of emails with questionable "facts".  If one wants to pass the information, one must TOTALLY verify; otherwise, your credibility can be affected.
8:05am • #2
452,010 Points 10 Featured Posts Outside Blog Called Shot Master

Well the above e-mail certainly caught my eye, good thing we have Google.
8:08am • #3
569,544 Points 1 Featured Post Localism Sponsor Outside Blog

Hi David,  The only source cited here is the GOP blog !!!   I think there is a site for this type of thing -  Factcheck.org  ???  I'll see if I can find it and update.
8:09am • #4
569,544 Points 1 Featured Post Localism Sponsor Outside Blog

Hi again David,  Went to the site www.Factcheck.org  ( non-partisan non- governmental, etc ).  Very interesting and full of this kind of political garbage.  This is what I found under a sub-heading concerning rumors:

 

Is the National Association of Realtors lobbying to repeal a 3.8 percent “sales tax” on homes before it takes effect in 2013?
No. There’s no such “sales tax” in the new health care law. And Medicare premiums aren’t going to $247 either. But these virulent falsehoods keep going around.
April 30, 2012

 

Hope this clarifies the nature of the claim and restores your cred.

 
8:21am • #5
368,108 Points 18 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

This type of hype and disinformation is truly a shame because it is put out there in an effort to scare and manipulate. If we as Realtors® don't confirm this then the higher standard of education and care that is part of being a member of the NAR with a Realtor® designation we are not doing our jobs.
10:25am • #6
1,053,922 Points 286 Featured Posts Outside Blog Called Shot Master

David, I get so tired of the misinformation that spreads like wildfire on the web.  Thanks for helping slow this one down.
11:04am • #7
452,010 Points 10 Featured Posts Outside Blog Called Shot Master

Bill, Thanks for the FactCheck.org link, something all Realtor's should have bookmarked.

http://factcheck.org/

 
12:12pm • #8
548,545 Points 3 Featured Posts Outside Blog

Looks like someone is being very "creative" in their attempts to drum up business, David, perhaps too much so.
4:00pm • #9

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David Popoff ~ Ct. Realtor & Property Manager, Fairfield County.

Darien, CT

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William Pitt, Sotheby's International Realty, Darien, Ct.

Address: 1057 Post Road, Darien, Ct, 06820

Office Phone: (203) 228-0646

Cell Phone: (203) 228-0646

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