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Obama Blackmails the Middle Class

Richard976 Wrote: Jul 14, 2012 12:07 PM
Why don't people talk about his hidden taxes in Obamacare? Let's talk about one, real estate taxes. Unless you are interested in real estate, you probably overlooked the fact that this bill includes a 3.8% tax on every piece of real estate sold and closed. Using 100K as a example, If you sell a property for 100K, even with no money down, you automatically owe the government $3,800 In taxes. It makes no difference if you made or lost money or in foreclosure. If you invest in real estate, as I do, think of the consequences this will cause. Your income makes no difference so Obama lied.
Polly1 Wrote: Jul 14, 2012 8:25 PM
I haven't read the bill but according to Snopes (a left-leaning progressive-apologist bunch, but I hope they don't out-and-out lie), the tax is on the capital gain on the sale of a house. And the existing exclusion of $250,000 gain for a single taxpayer, $500,000 for married, along with a genuinely poopy real estate market, should mean few people will pay that tax,

Unless they're lying, of course.
Crabtreeassociates Wrote: Jul 14, 2012 4:52 PM
Sheep never get it!!!!!!!!!!!!!!!!!

Obama recently gave yet another televised pep rally, complete with a laughing, cheering progressive audience. The purpose this time was all about taxing his most hated class o' people, the Evil Rich (of which he finally admitted he is a part of).

He used words like "holding hostage" and offered veiled threats to the middle to lower-classed, warning us that if his offer of taxing the rich doesn't happen, the middle class (cue threatening music) WILL PAY.

As one of those middle to lower-classed people, I am personally insulted and more than a little angry.

Apparently Barack thinks we are...

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