Obamacare funded by the sale of...homes?

The PPACA or Affordable Care Act is everyday finding new and impressive ways to kill the American Dream and tax the hell out of us. Ms Pelosi told us not to read it and we would find out what is in there. Now we are.

So, a little known tax that is out there being used to fund this debacle is a tax on home sales. Capitals gains already took a hit in 2013 with a huge hike so this is just on top of the over the top taxation of hard work for some. Taxes on dividends went from 15% to 43.4 in 2013. That is a jump folks and the government is broke?

And while most realize the law is funded in part by the individual mandate and penalty tax, it is also being funded in ways that are not discussed as much in the media.

Luxury real estate broker Ron Aioso says there is a tax that is rarely discussed that also helps fund Obamacare. It is a tax on high-income taxpayers when they sell their homes.

Now, before you go saying the rich should be taxed more, think about retirees who may be selling land or homes to retire. People who worked hard all of their lives who are now taxed left, right and sideways.

If you are single with an adjusted gross income of $200,000 or file jointly with an income of $250,000 or more, you may be impacted. Once you sell your home, any profits over the first $500,000 are already subject to a capital gains tax. And now those profits will have an additional 3.8% tax to fund Obamacare.

Oh, and BTW, this does not apply to non-resident aliens...

Link

It doesn't matter, it is only a matter of time before this bill starts to exceed its written in funding and starts to add to the national debt. It will also be a matter of time before the aforementioned funding is hijacked by Congress to fund other projects as well. Gotta love the Congress creed, "Take in $1. Spend 150% of it."

reply to post by matafuchs

All this shows is the direction the country is headed. pretty soon if you make more than 5000 a year you will be taxed 3000 of it. The rulers of this country want to take everything away and make you depend on them to live.

reply to post by matafuchs


Obamacare is just the vehicle used to redistribute wealth.

Obama wants equality.
Obama wants fairness.

He wants everyone broke and relying on government.

reply to post by matafuchs

That is a jump folks and the government is broke?

Let us first address this RUSE. The entire total wealth of the govt is enormously vast. The 'for public' sector is the beyond broke part.

Imagine a corporation with multiple divisions and the entire public/people aspect including soc sec., welfare, taxes/services, etc. are just in the "manpower" division. That division is broke.

Remember, the US has loan sharked most of the world over the last 150 years, and we all recall hearing of loans being forgiven by our govt to some crap hole somewhere. DO NO get it twisted, there is massive LOOT, just far away from our hands, eyes, and even imagination apparently.

DO you think America is like a mobster? Of course!

so, 2 sets of books is the name of the game right? name one mobster who DID NOT have 2 sets of books.

America is full of 2 sectors of idiots.. "our country is broke" and "Obama did it!"

Whomever has ruled the seas (centuries old philosophy) is the most powerful, hence strongest/wealthiest.
Whomever has ruled the air is the most powerful.(new age)
America rules the sea and air.

It is just we have been SOLD OUT, as the pre-boomer generation always said 30 years ago. Now America is under new management.

No, I really think we are like a rich brat who inherited a lot of cash and wealth, as they are two different things. Like Chris Rock once said, if Bill Gates woke up with Oprahs money he would jump out an f'n
window.

The POTUS has alienated and made us the laughing stock of foreign policy and trade. We are bitches to every country there is. No one respects us. We have Swiftboat touring the world looking like Gomer Pyle at a Comic-con dressed as Pokemon and getting as much respect. Pitiful.

Do the uber rich still have money, yes, and that is evident in the sports teams we have and the 100 dollar ticket prices for Disney. But like Rome, it must all one day come crashing and it will, not now, but in about 3-4 years when this clown is out.