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.
Showing posts with label Obamacare. Show all posts
Showing posts with label Obamacare. Show all posts
Sunday, November 24, 2013
Obamacare tax on real estate sales
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.
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