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Cavuto: This Whole Confiscation of Funds Has Already Happened in America

rdk Wrote: Mar 20, 2013 9:54 AM
And what are the details? When does the 3.8% kick in? Is there a minimum house value or equity value involved?

Yesterday we learned Cyprus has closed its banks as it prepares to take 10 percent out of private bank accounts to bail itself out of bad economic decisions. Fox News host and business expert Neil Cavuto is warning this isn't simply a concept in some small, far away country, but something that has already happened in America through ObamaCare's 3.8 percent tax on home sales. And yes, it can get worse.

"Taxing you not on what you make but what you have."


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