SI
SI
discoversearch

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 -- Ignore unavailable to you. Want to Upgrade?


To: Alan Smithee who wrote (360657)4/22/2010 12:31:01 AM
From: Neeka  Read Replies (1) | Respond to of 793868
 
I tried to find the article at the Spokesman Review but came up short. Did your friend sell a house or raw land?



To: Alan Smithee who wrote (360657)4/22/2010 1:03:56 AM
From: KLP1 Recommendation  Read Replies (2) | Respond to of 793868
 
Speaking of the Delusional Rich Left: Gates Sr.: State income tax would cut taxes

Proponents of a state income tax on higher earners say that under the plan the typical homeowner would pay $160 less in taxes. Bill Gates Sr. shields his eyes from television lights as he talks to reporters Wednesday about the new initiative.

seattletimes.nwsource.com



To: Alan Smithee who wrote (360657)4/22/2010 8:14:33 AM
From: Elroy  Read Replies (2) | Respond to of 793868
 
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?



To: Alan Smithee who wrote (360657)4/22/2010 1:13:39 PM
From: MulhollandDrive  Read Replies (1) | Respond to of 793868
 
this was investment property?



To: Alan Smithee who wrote (360657)4/22/2010 7:08:31 PM
From: Nadine Carroll  Respond to of 793868
 
Yes, I have heard that there is a new Medicare tax imposed on capital gains sales, apart from the rise in Capital Gains taxes.

"For the first time, the combined employer-worker 2.9% Medicare rate would be extended beyond wages to interest, dividends, capital gains, annuities, royalties and rents for individuals with adjusted gross income above $200,000 and joint filers over $250,000. "
online.wsj.com



To: Alan Smithee who wrote (360657)4/22/2010 7:40:30 PM
From: X Y Zebra  Read Replies (1) | Respond to of 793868
 
wait a minute here.....

unless.....

1.- i was drunk when i read all the rules about escrow withholding anything to the feds.... or
2.- dramatically being a recent such drastic change in such rules...and
3.- IF you cannot prove that you are a citizen in good standing... meaning you obey most rules, and the irs does not have one on you because at one point you tried to cheat them....

you cannot withhold any funds in such example because the tax (as i understand it *as opposed* to an excise tax **SUCH AS WASHINGTON STATE HAS ON GROSS PROCEEDS OF REAL ESTATE SALES OF 1.78% approx**)...

because in order to establish "income" (either capital gains or ordinary) you have to have the opportunity to determine whether you had a GAIN or a LOSS...

so if what you are saying is true....

fascists have far more control already than i estimated.......

hmmm.... another piece of evidence to add to the concept of....

"FTS" (as in fuck this shit)

in terms of leaving the country.....

i NEVER signed up to live in a communist fascist country...

so patriots... you have a choice too.