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Sales Tax on Houses in 2013?
I thought I would share a very helpful post from my broker, Paul Culley from RE/MAX Select Realty about about some of the election year rhetoric that has been going on about a "sales tax" on homes. He did a great job of explaining the issue and included places you can go for more information so I wanted to share it.
It must be election time. Every so often the question regarding a 3.8% sales tax on home sales starting in 2013 comes up. Is it true? The answer is yes and no. Let me lend a few thoughts and then point you to a few resources . . . Those who may be impacted by this provision is actually more narrow than the many email chains suggest, and some households will not be impacted at all. It might not feel like it, but there is still a LOT of time, politically, between now and January 2013, and it's difficult to predict what Congress may or may not repeal or alter.The health care legislation enacted in 2013 included a new tax that was designed to affect upper income taxpayers. The 3.8% tax is imposed ONLY on those with more than $200,000 ... more

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