Several months ago I reported to my radio audience that there was a hidden tax in ObamaCare on any purchases of Gold.
Well, it appears to not be the only hidden tax in the bill. Recently a listener sent information on another tax hidden in the president's health care bill that was passed because, as Nancy Pelosi said... "We have to pass the bill so we can know what's in it,"...it's a 3.8 percent additional sales tax that will have to be paid on the sale of your home after 2012.
Now, some are debunking this claim as a 'myth,' however, according to the National Association of Realtors, it's not a myth. (See their detailed coverage.) Some of the details as written by Armstrong Williams in Human Events are...
"In principle this tax applies only to wealthy individuals with profits in excess of $250,000 (single taxpayer) or $500,000 (joint taxpayers) from the sale of their primary residence. However, it also appears to apply to profits on second homes and residential investments. This tax will have a major impact on upper middle income baby boomers living in high cost metropolitan areas who want to downsize from their long held large family home. This tax will certainly have a chilling impact on the nation's morbid housing market.
"If middle class Americans think they will escape this tax, think again. At some point in the near future, inflation from the Federal Reserve printing money to finance the President's huge budget deficits will drive up the nominal price of housing. Even modest 3 bedroom homes will sell for big nominal dollars. At that point the middle class will be ensnared with the tax. Look at history. The income tax was originally sold to the American people as only taxing the top 2 percent!"
I think it's time we all do some homework on this and other hidden taxes that are being discovered in ObamaCare. They not only will effect small businesses, but families, in a time we all are overwhelmed with the impact of our current economic problems.
What say you?
Related:
The Costly Consequences of the Health Care Reform
Hidden Tax on Capital Gains
Hidden Tax Change for Small Businesses
Sharon Hughes is the Founder and President of The Center for Changing Worldviews and a radio talk show host on her flagship station KDIA 1640 in San Francisco, CA., and other stations across the nation. Her articles appear in many recognized online news sites and publications, including NewsBusters.org, a division of The Media Research Center, and she has appeared on FOX News and many national radio programs. She is also the Founder of Operation Heartlift supporting our Troops and their families, and Operation ARC, helping to rescue at-risk-children from slave and sex trafficking. For information visit her Website www.changingworldviews.com, or Email her at sharon@changingworldviews.com
