Agent Suzanne, What About the 3.8% Tax on My Home?

Great topic Suzanne.

Here is a link for your readers to go with your great discussion in this area.

The 3.8% Tax. What You Need To Know.

This is such a timely topic. I'm glad you included the link to the NAR page. It clearly spells everything out and NAR's stance on the tax.

Suzanne, There is much confusion about this tax. But one thing that hasn't been mentioned is that it is basically a tax on the wealthy. They will most likely be hit with it. Though we are far from being rich we will be hit on our rental properties and flips.

Suzanne,

Maybe you can help this old Realtor out with an answer to this question..."why is it in a health care bill?"

Rich

I'm hearing (from clients) much confusion on this matter.  

Even I got one of those emails.  Sometimes people run with whatever they read.

Suzanne,

It is odd to me with so many people whose homes have lost all equity due to the devaluation, that this tax exists, and oops, it got slipped at the last minute in the healthcare bill, LOL A

You are right Suzanne, there is a ton of confusion about this new tax.  I wrote about it a while back too.   We have to get the word out.   Thanks for sharing.

There are a lot of mis informed people out there, but at the same time, we need to be vigilant on this issue.  I have talked to all my elected people and every one of the one running against them.  We need to keep the law makers informed how stupid this would be.

Getting advice from the professionals is the best suggestion!