Hidden Real Estate Sales tax in Health care bill – Surprise!
By Dr. Laurie Roth Tuesday, September 14, 2010
Hidden Real Estate Sales tax in Health care bill – Surprise!There are already at least 20 hidden taxes in the Obama Health care plan coming down upon us the next few years. So, along with rationed care for seniors and forced health insurance, we now find there is a Real Estate Tax snuck into the Health care plan. You may ask, what in God’s green earth does health care have to do with Real Estate taxes??? Absolutely nothing, that is precisely why one got snuck in there.
There has never been any rhyme or reason to this administration other than redistribution of wealth, socialism and inserting cradle-to-grave control. Using Health care as an excuse for seizing control of accounts and businesses is just one strategy. Obama has also planned all along to use the ‘environment’ i.e. Cap and Trade to take even more. This will do more than take. It will flatten American business and destroy our sick economy. Who cares what the American people think and what the constitution says! We are just in the way…..take, take, take.
I was forwarded this latest tax scheme by Van Hipp, President of American Defense International and the former Deputy Secretary of the Army under Bush senior and Ronald Reagan. He recommended the well known accountant and expert witness on tax matters, Paul Guppy who wrote a commentary on the various hidden taxes in the Spokesman Review paper, “Health Law’s Heavy impact.”
Starting in 2013, not only will you pay the closing costs and real estate fee when you sell your house but now you will pay a 3.8% Sales Tax. So, if you sell your home for $400,000, perhaps wanting to down size if you are a senior you will pay $15,200 in Tax.
Here we have another assault on our seniors again. Many downsize their homes as retirement comes closer, so along with long lines and rationed care that is substandard, seniors and anyone will have to pay more tax on the home they just sold.
Penalties for individuals: We will pay 2.5% of our annual income as a fine/penalty if we don’t purchase the government approved health care plan.
Penalties on families: Parents will pay a yearly $347 per kid if they don’t purchase a government approved health care plan.
Penalties on employers: If you are a business with 50 or more employers you will get fined at least $2,000 per employee if you don’t provide, once again the ‘government approved health care plan.
Other special taxes and fees:
Investment income: Anyone making $200,000 or over gets to pay 3.8% of their annual investment income. Start adding up them apples, folks.
If you have a fancy health care plan and pay as an individual, $10,200 or $27,800 for a family, you get to pay a 40% annual tax on those health care plans.
Medical aid devices have gotten hit hard as well. They will see a 2.9% tax hike. Sorry if you have an artificial limb….you are screwed.
Medicare gets more money because if you earn $200,000 or more you pay a special Medicare tax of 3.9.%
Then there is the 10% tax on tanning….on and on. Perhaps you should consider an ‘Albino’ beauty treatment.
This Health care bill is nothing but an orgy of controls, tax schemes and rationed care. Now add Real Estate tax to the ridiculous list.
As the new congress comes in this fall, we must immediately put a Bill through to defund this unconstitutional and unaffordable Health care mess! As soon as we have the votes in the House and the Senate to overcome a Veto by Obama, we should repeal it, gut it and bury it clear to China. While we are at it we should put Bush’s tax cuts back in, destroy any vestiges of Cap and Trade and push toward impeachment of Obama.
Get the wrecking crew and clean up team ready. Things are getting pretty smelly.