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What’s True, What’s Not About The 3.8% Tax?
Ever since health care reform was enacted into law more than two years ago, rumors have been circulating on the Internet and in e-mails that the law contains a 3.8 percent tax on real estate. NAR quickly released material to show that the tax doesn’t target real estate and will in fact affect very few home sales, because it’s a tax that will only affect high-income households that realize a substantial gain on an asset sale, including on a home sale, once other factors are taken into account. Maybe 2-3 percent of home sellers will be affected. Read the entire article by Robert Freedman.
Chad Lariscy
Team Leader | Owner at The Mountain Life Team
@themountainlife
Chad Lariscy, a Local Professional Realtor in the Beautiful North Georgia Mountains and Team Owner of The Mountain Life Team of Keller Williams Realty.
http://t.co/nZ47thHoMc - 2 hours ago
Latest posts by Chad Lariscy (see all)
- Zeroing in on the Right Georgia Mountain Home For Sale - May 23, 2013
- REO Bargains in Blue Ridge GA Take Thorough Assessment - May 23, 2013
- Pre-Inspection Reports Help Georgia Mountain Listings Stand Out - May 16, 2013
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