With the recent decision by the Supreme Court to uphold the Healthcare Law (aka “Obamacare“) and all the talk of “the tax” being floated around, I suspect we will once again be hearing and seeing word about the Medicare tax of 3.8% on home sales. I’ve written about this extensively on various blogs, including this one, so I thought I’d take a moment to remind everyone to check the facts and read the article, which was thoroughly researched (and has been quoted and cited many times over). While there is a 3.8% tax, many home owners will not be affected by it at all. Knowing how it is calculated will help you understand the ramifications of this small piece of the Healthcare Law.
Read the full article here: 3.8% “Sales Tax” on real estate via the Health Care Reform Bill?
image courtesy of laura padgett