bar of a local restaurant last Friday night (while at some point
in my life I have been all three, I certainly was not any of these
last Friday), but I couldn’t help it.
that Obamacare includes a “federal sales tax on the sale of
your home”. I can’t believe that this garbage is still
circulating. I correctly pointed out to the group that it is a total
investment income for those who BO considers to be “wealthy”.
$200,000 for Single and Head of Household filers, $250,000
for joint filers and $125,000 for married couples filing
separately will pay an 3.8% surtax on net investment income.
Net investment income is interest, dividends, net capital
gains, annuities, royalties, rents, and pass-through
income from passive S-corporations and partnerships less
related investment expense deductions from Schedule A.
sale of a principal primary residence still applies. So if the
gain from the sale of your home is less than $250,000
or $500,000, as applicable, and you meet the Section 121
requirements, there is no federal income tax and no 3.8%
“surtax” on the gain, and certainly no federal “sales
tax” on the “sale price”.
a married couple who are “wealthy” is $600,000 the 3.8%
“surtax” could apply to $100,000.
as written that you don’ t need to make up lies about it!