It turns out Obamacare contains a Federal Sales Tax, imposed whenever you sell your house. Clever little buggers, aren’t they? They figure you just received a load of cash, so why shouldn’t they take it away from you?
Now that it’s been a few weeks since Democrats rammed Obamacare through Congress we are getting a glimpse of what we can expect. Not only does the law initiate the first federal sales tax in the United States (on tanning) but it also taxes all Americans (and illegals) 3.8% when they sell their home.
The Spokesman Review reported:
In the days leading up to the dramatic late-night vote on President Barack Obama’s health plan, Speaker Nancy Pelosi said, “We have to pass the bill so that you can find out what is in it …” Now that ObamaCare has passed, it is slowly dawning on people what the new law means for the country and for Washington state.
ObamaCare sweeps away a host of state regulations and permanently alters our state’s insurance market. From now on, the federal government will manage the health care of all Washingtonians. The 2,700-page law contains a complex web of mandates, directives, price controls, tax increases and subsidies.
…The law includes some 19 new taxes. Here’s a rundown of what Washingtonians can expect in the coming years.Penalties on individuals. Individuals will pay a yearly penalty of $695, or up to 2.5 percent of their annual income, if they cannot show they have purchased a government-approved health policy.
Penalties on families. Families will pay a yearly penalty of $347 per child, up to $2,250 per family, if parents cannot show they have purchased a government- approved policy…
Tax on Home Sales. Imposes a 3.8 percent tax on home sales and other real estate transactions. Middle-income people must pay the full tax even if they are “rich” for only one day – the day they sell their house and buy a new one.