Obamacare Tax On Home Sales

Obamacare is a giant suppository shoved up the country's collective ass.  Not just because millions are losing their insurance, not just because an Obamacare alternative plan costs 200% more, and not just because the website is down.


The real rectal reaming comes rolled into a dozen new taxes snipping away at an already weak economy.  Is much of your 'wealth' still tied up in your house?  Did you plan to sell it one day?  Guess what...

If you're single with an AGI of $200,000 or file jointly with an income of $250,000 or more, you're gonna give up a chunk of your home equity to Obamacare. Upon sale all proceeds over $500,000 in 'profit' are already subject to a 15% capital gains tax. But Obamacare wants a pound of flesh too - another 3.8% tax will be exacted on the whole sale. It's like paying a double real-estate broker fee.

And what are you buying for that donation? Oh yea, you get to lose your health insurance and be forced into a watered down policy from Obamacare costing 400% more (preimums will spike in 2014 thanks to the healthy young forgoing the privilege of joining the Obamacare party).

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