Comments on: ‘Average’ homeowner not affected by health-care tax http://www.parjustlisted.com/archives/4985#utm_source=feed&utm_medium=feed&utm_campaign=feed Your source for real estate news from the PA Association of Realtors® Wed, 08 Feb 2012 15:24:26 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Mary Ann http://www.parjustlisted.com/archives/4985/comment-page-1#comment-947 Mary Ann Thu, 07 Oct 2010 00:05:52 +0000 http://www.parjustlisted.com/?p=4985#comment-947 This tax is coming about due to bad policies made by our Public Servants who enjoy the best healthcare and retirement plans at the taxpayers expense not to mention a ton of other perks. Changing that alone will help all Americans. Those who have an income of $200,000+ have had a free ride off the back of the "middle class" with their tax breaks for the last 10 years. That Tax Break to the already wealthy was not funded but added to our deficit, and if we continue to give the "already wealthy" this tax break it will add another Trillion Dollars to the deficit. The middle class deserve a break for a change. As far as the New Healthcare bill the Republ. offered to do nothing to stop the costs escalating out of control for the last 10 yrs. Investors are "profiting unbelievably" from our current out of control healthcare system, and that's what the fight is really about, protecting those investors! For years we have been paying for the uninsured when they walk into an emergency room, too many can't afford health ins. and when they got sick they lost their homes. Does anyone care about them? We have to start somewhere and this Healthcare Plan will be adjusted and tweeted as needed, and will benefit the largest majority of Americans. Doing nothing is not an option and everyone who REALLY understands how this bill will cut out fraud at the cost of 1.5 billion dollars year is for it. That savings will pay for a great deal of the cost. Don't be fooled by the propanda put out there to scare you into voting to go back to the bad policies that put us where we are today. We need a Government who works for all Americans not just the wealthy investors. Atleast 97% of Americans will benefit from this Healthcare Plan, and if it has to come out of someones pocket it won't be the middle class for the CHANGE. This tax is coming about due to bad policies made by our Public Servants who enjoy the best healthcare and retirement plans at the taxpayers expense not to mention a ton of other perks. Changing that alone will help all Americans. Those who have an income of $200,000+ have had a free ride off the back of the “middle class” with their tax breaks for the last 10 years. That Tax Break to the already wealthy was not funded but added to our deficit, and if we continue to give the “already wealthy” this tax break it will add another Trillion Dollars to the deficit. The middle class deserve a break for a change. As far as the New Healthcare bill the Republ. offered to do nothing to stop the costs escalating out of control for the last 10 yrs. Investors are “profiting unbelievably” from our current out of control healthcare system, and that’s what the fight is really about, protecting those investors! For years we have been paying for the uninsured when they walk into an emergency room, too many can’t afford health ins. and when they got sick they lost their homes. Does anyone care about them? We have to start somewhere and this Healthcare Plan will be adjusted and tweeted as needed, and will benefit the largest majority of Americans. Doing nothing is not an option and everyone who REALLY understands how this bill will cut out fraud at the cost of 1.5 billion dollars year is for it. That savings will pay for a great deal of the cost. Don’t be fooled by the propanda put out there to scare you into voting to go back to the bad policies that put us where we are today. We need a Government who works for all Americans not just the wealthy investors. Atleast 97% of Americans will benefit from this Healthcare Plan, and if it has to come out of someones pocket it won’t be the middle class for the CHANGE.

]]> By: Chris Gosselin http://www.parjustlisted.com/archives/4985/comment-page-1#comment-807 Chris Gosselin Thu, 29 Jul 2010 13:14:17 +0000 http://www.parjustlisted.com/?p=4985#comment-807 Matt -- the tax is levied on all "unearned net investment income" whether from real estate or other investments such as capital gains from stocks or bonds, dividends, or interest income beginning in 2013. That of course doesn't make it more palatable for high-income real estate investors or homeowners realizing a very large capital gain, but it is important to note that it does not treat real estate investment activity differently than other types of investment. Matt — the tax is levied on all “unearned net investment income” whether from real estate or other investments such as capital gains from stocks or bonds, dividends, or interest income beginning in 2013.

That of course doesn’t make it more palatable for high-income real estate investors or homeowners realizing a very large capital gain, but it is important to note that it does not treat real estate investment activity differently than other types of investment.

]]> By: Matt http://www.parjustlisted.com/archives/4985/comment-page-1#comment-805 Matt Wed, 28 Jul 2010 14:36:04 +0000 http://www.parjustlisted.com/?p=4985#comment-805 Is this the first time that a "National Real Estate Tax" is being assessed. I must say that I have not heard of one in the past, which is not to say it has not existed. If this is the first time this has happened, it is a dangerous milestone when everything is becoming nationalized and then run so irresponsibly and unresponsively as to endanger our entire Republic. Are we still the United States of America? Is this the first time that a “National Real Estate Tax” is being assessed. I must say that I have not heard of one in the past, which is not to say it has not existed. If this is the first time this has happened, it is a dangerous milestone when everything is becoming nationalized and then run so irresponsibly and unresponsively as to endanger our entire Republic. Are we still the United States of America?

]]> By: Dan Falco http://www.parjustlisted.com/archives/4985/comment-page-1#comment-795 Dan Falco Fri, 23 Jul 2010 18:09:34 +0000 http://www.parjustlisted.com/?p=4985#comment-795 Very good article. Weather someone agrees or disagrees with the bill, there have been rumors all over about how many people would be taxed, and the fact is if you are one of the 97% making under 200K, the tax will not apply to you. Thank you PAR for clarifying this. Very good article. Weather someone agrees or disagrees with the bill, there have been rumors all over about how many people would be taxed, and the fact is if you are one of the 97% making under 200K, the tax will not apply to you. Thank you PAR for clarifying this.

]]> By: Chris Gosselin http://www.parjustlisted.com/archives/4985/comment-page-1#comment-794 Chris Gosselin Fri, 23 Jul 2010 15:38:46 +0000 http://www.parjustlisted.com/?p=4985#comment-794 Great facts from PAR about what the so-called Medicare Tax actually entails. In fact, NAR sent a letter (http://bit.ly/cakHlw) to the full House of Representatives when the tax was introduced expressing "in the strongest possible terms our opposition to the proposal" and did not support this measure in any way. However, in spite of our opposition, this tax is now signed into law and will take effect in 2013. It's important that REALTORS® and homeowners alike understand what this tax does and does not entail. --------------------------------------- Chris Gosselin Political Representative CT, GA, MA, ME, NC, NH, PA, RI, SC & VT National Association of REALTORS® 500 New Jersey Ave NW Washington, DC 20001 cgosselin -at- realtors.org Great facts from PAR about what the so-called Medicare Tax actually entails.

In fact, NAR sent a letter (http://bit.ly/cakHlw) to the full House of Representatives when the tax was introduced expressing “in the strongest possible terms our opposition to the proposal” and did not support this measure in any way.

However, in spite of our opposition, this tax is now signed into law and will take effect in 2013. It’s important that REALTORS® and homeowners alike understand what this tax does and does not entail.

—————————————
Chris Gosselin
Political Representative
CT, GA, MA, ME, NC, NH, PA, RI, SC & VT
National Association of REALTORS®
500 New Jersey Ave NW
Washington, DC 20001
cgosselin -at- realtors.org

]]> By: Jennifer Ryal http://www.parjustlisted.com/archives/4985/comment-page-1#comment-792 Jennifer Ryal Fri, 23 Jul 2010 13:27:25 +0000 http://www.parjustlisted.com/?p=4985#comment-792 This is a TAX on real estate and we should all say NO! The tone of this article is appalling and I can not believe that it was written by a group purporting to be the "voice for real estate" - sounds more like the "voice for government health care". The suggestion that we should accept a new tax because it will not affect the "Average" homeowner is dangerous and insulting to our intelligence. I do not work in an average market and many of our clients fall above the "average" threshold - a threshold that will change as health care costs increase and more taxes are needed to fund the program. New taxes will only go up and income thresholds will go down. Get a clue - this is a new tax affecting real estate transactions and PAR should not be supporting it or suggesting that we not worry. We should be even more worried because PAR isn't worried! This is a TAX on real estate and we should all say NO! The tone of this article is appalling and I can not believe that it was written by a group purporting to be the “voice for real estate” – sounds more like the “voice for government health care”. The suggestion that we should accept a new tax because it will not affect the “Average” homeowner is dangerous and insulting to our intelligence. I do not work in an average market and many of our clients fall above the “average” threshold – a threshold that will change as health care costs increase and more taxes are needed to fund the program. New taxes will only go up and income thresholds will go down. Get a clue – this is a new tax affecting real estate transactions and PAR should not be supporting it or suggesting that we not worry. We should be even more worried because PAR isn’t worried!

]]> By: Tom Nissley http://www.parjustlisted.com/archives/4985/comment-page-1#comment-790 Tom Nissley Fri, 23 Jul 2010 12:31:33 +0000 http://www.parjustlisted.com/?p=4985#comment-790 How will this new tax affect vacation homes which are not your primary residence. WIth the apprciation of vacation homes, the sale will probably throw your agi(adjusted gross Income) over the 200,000 mark. How will this new tax affect vacation homes which are not your primary residence. WIth the apprciation of vacation homes, the sale will probably throw your agi(adjusted gross Income) over the 200,000 mark.

]]> By: Betsy West http://www.parjustlisted.com/archives/4985/comment-page-1#comment-789 Betsy West Fri, 23 Jul 2010 11:18:14 +0000 http://www.parjustlisted.com/?p=4985#comment-789 Taxing the "rich" to continue to prop up the overspending of the federal government is extremely dangerous. Watch as time goes on the "rich" will have less and joblessness will create more poor and this nation will be bankrupt. Personally, I am tired of working long, hard hours to support those who sit on their porches and cash their government checks as the migrant workers come into the country to do the jobs "no one wants to do". Enough is Enough! This health care bill will be a very bitter pill to swallow. Taxing the “rich” to continue to prop up the overspending of the federal government is extremely dangerous. Watch as time goes on the “rich” will have less and joblessness will create more poor and this nation will be bankrupt.
Personally, I am tired of working long, hard hours to support those who sit on their porches and cash their government checks as the migrant workers come into the country to do the jobs “no one wants to do”. Enough is Enough! This health care bill will be a very bitter pill to swallow.

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