One of my sellers sent me an article from the Spokesman Review newspaper dated March 28th2010, written by Paul Guppy who is the VP of research for the Washington Policy Center, a research organization with offices in Spokane, Seattle and Olympia and the tri cities, www.washington policy .org
The article lists the many penalties that can be incurred with regards to the lack of providing health care, but there is one little jewel in there that will be effecting the sale of your home. According to the article there will be a 3.8% tax imposed on the sale of your home and other real estate transactions.
Middle income people must pay the tax even if they are "rich" for only one day, the day they sell their home and the day they buy the new one. On a $200,000 home that would be $760.
I wonder where Mr. Seller will start to look for that 3.8%???? Get ready for that 3.8% squeeze!
Remember the old Andy Griffth show with Gomer Pyle? Gomer's famous line was, "Suurprize, Suurprize".
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