Sales Tax on Real Estate Sales? Say It Isn’t So!

There is a rumor being reported by the Washington Post that there will be a sales tax on real estate sales beginning in 2013. We hope this isn’t true, but with the craziness epidemic it probably is.

There is a rumor being reported by the Washington Post that there will be a sales tax on real estate sales beginning in 2013.

Of course, those of us worth  less than $200,000 don’t have a thing to supposedly be worried about.   Those of us over $200,000 do have something to worry about.

So what’s happening?

The money will be going for the new ever so complicated health care system.   And it isn’t being called a sales tax, you see.  It is really a Medicare tax, as if that will make any difference to the taxpayer. 

I just love this quote:

“Of course, the Washington area has experienced dramatic appreciation in real estate (at least in recent years), so some homeowners may be hit with this new tax. But the large profit that has been made should offset the nominal tax that has to be paid.”

Funny, how some people believe taxes can be offset.  It’s also funny how property taxes that we’re paying in Davidson County, TN  have not been off set.  They’re coming straight out of our profits.

Anyway, read Fact or fiction? The health-care law and real estate tax

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