Thread: obamacare
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Old 06-07-2011, 03:36 PM   #13
PaulS
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Quote:
Originally Posted by RIJIMMY View Post
No one distorted reality in this thread. I posted the details, 3rd reply. But, all of this was HIDDEN in the healthcare bill. More sneaky crap they rammed in. most people are not aware.
Sure your response was distorted.

The original post said that on a 400K house the tax was $12K.

That is not true. There is atleast a $250K deduction for capital gains (assuming a singe filer). So at the most the tax would be only on $150K (and that still would ignore the original cost of the house).

Anyone- If I'm not correct pls. correct me as I'm not an accountant.

You replied "pretty much true"
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