Politics for Pros- moderated Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Alan Smithee who wrote (360657)	4/22/2010 8:14:33 AM
From: Elroy	Read Replies (2) of 793845

A friend of mine just sold property in Idaho. He said the escrow withheld 3.6% of the sales price for a federal tax that was imposed under the Health Care Income Seizure and Redistribution Bill. I have received an e-mail from a RE agent on this as well. Is anyone aware of this provision and can you cite to the section of the bill that provides for it? There was something about a 3.6% increase in the capital gains tax for those making over $250k. The top long term rate was going to rise to 20% when the Bush tax cuts expire next year, and then on top of that there was an additional 3.6% due to the health care legislation for earners above $250k. This could be the implementation of that tax?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next