Sunday, November 24, 2013

Obamacare tax on real estate sales


From My9 TV in New Jersey comes a discussion of the Obamacare real estate tax:


video


Very few home sales will see a capital gain sufficient to generate tax revenue under the current scenario.  Which means that (1) the rate will go up and (2) the minimum gain necessary to invoke the tax will go down - way down. Obamacare is not so  much about medicine or "care" as it is about taxes, revenue and paperwork.