OBAMA: Prepare for lurking taxes

Thank you Nancy Pelosi, now that Obamacare is law, we can see some things that were purposefully withheld from the public view during the one-party Obamacare Congressional attack.   For example, details of a new tax for selling your home is now clearly spelled out in the law for all to witness.

Finally it is disclosed that if you sell your home after January 1, 2014, you will owe the IRS a tax of 3.8% or $9,500 for a sale of $250,000. In addition, “rich” investors will likewise be charged 3.8% on investment income, plus Capital Gains on each, not withstanding if Estate Tax is involved in either or both House Sale and/or Investment income.  These new taxes are totally unrelated to Health Care but are directly related to a warped logic as a charade to pass Obamacare in spite of public opinion.

AL OLIVER

Coeur d’Alene