Have you received this? This past week, with a definite political slant, emails again are circulating pertaining to the Health Care Bill and the 3.8% federal sales tax on Real Estate Transactions which appears to be buried in it...
Is there any truth to the email? or is it just political spin?
It certainly bears looking into... and according to Snopes and Factcheck.org and a slew of other articles, there is some truth that there will be a tax on Real Estate Transactions, but it appears the tax is aimed at income earned on investments or earned over the real estate tax exemption.
Not every transaction as the email wants you to believe.
"Medicare Tax" in the Obama Health Care Reform Bill.... is confusing to say the least....
another tax .... strategically dubbed the "Medicare Tax" takes the sting out of what it is and being aimed at the "wealthy" also makes it easier for the general public to take...
Knowing the facts, however confusing, gives us piece of mind... and knowledge gives us the power to not fall prey to those that want to sway our opinions by using fear and misinformation....
That to me is worth the time it takes to learn for ourselves...
The National Association of Realtors has a decent FAQ on the subject.... here is the link http://www.realtor.org/small_business_health_coverage.nsf/pages/health_ref_faq_med_tax?opendocument
For the record.... I am in no way defending any Tax, this Tax or the entire Bill....
I am just sick of people trying to influence my thinking by using fear and scare tactics......
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