There ia an E-mail going around that says if you sell your home and downsize, as retirees often do..you will be required to pay 3.8% on any margin realized as a result, thanks to
Obamacare? Some of the left wing apologists, such as urbanlegends try to spin it away. Others are forced to admit it is true but disagree with wage level contentions involved.
http://www.politifact.com/truth-o-meter/statements/2010/aug/23/chain-email/health-care-law-sales-tax-home-sales-no/ Even if it hits only the higher earners, it is STILL MORE TAX...and it only comes into effect in 2013..anyone want to guess why ? ...And even if it's true and the higher wage earners only are hit with this groping..after these Ali Baba employees get done..how much will these hapless "high earners" be paying in taxes all tolled ?...Perhaps 60% to80% of their wages ? That sure would encourage the "high-earners" to stay here, keep succeeding, keep hiring and keep forking over almost all they earn..DUH!
That giant sucking sound you may hear in the future will be our best, brightest and most successful..moving themselves and their capital..offshore..DUH
