New Real Estate Sale Tax

By
Real Estate Agent with JustListedKnoxville.com / Signature Homes

Fact or fiction? The health-care law and real estate taxFirst, it is not a sales tax, nor does it impose any transfer or recordation tax. It is called a Medicare tax because the money received will be allocated to the Medicare Trust Fund, which is part of the Social Security system. Watch for the amounts of income to be lowered soon

Link: http://www.washingtonpost.com/wp-dyn/content/article/2010/07/15/AR2010071506964.html

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