Obama health care reform imposes 3.8% tax on all income from home sales and home rental income

NaturalNews) The news about Obama's health care reform just keeps getting worse -- and we only find these things long after the bill has passed, of course. The newest revelation concerns a 3.8% tax on income from home sales and home rentals which will go into effect in 2013. (Note: This story has been updated to clarify who the 3.8% tax impacts, see below.)

Depending on your income level, this could end up costing you thousands of dollars from the sale of a home (even if you're a middle-class income earner). It would also place a tax burden on all rental income from any home you might rent out to others.

How could this be? Because the new health care bill imposes a 3.8% tax on "unearned income" above a certain threshold (see below), which includes income from any source that you aren't directly working for. This includes interest you receive on a savings account, dividends from stocks, rental income from a property you own, social security income, unemployment checks, child support and of course income from home sales.

While this tax is supposed to be targeted to "the rich" with a threshold of $250,000 in unearned income, it can very easily hit middle-class income families who sell a house with a gain, forcing them to pay the 3.8% on a portion of their gain.

There is a lot of debate on the 'net about who this affects and exactly how this is calculated. That's actually part of the problem: Sorting out what the law actually says is a bit of an accounting nightmare. As Nancy Pelosi said, "We have to pass the bill so that you can find out what is in it..."

As an article on Spokesman.com explains: "Middle-income people must pay the full tax even if they are 'rich' for only one day -- the day they sell their house and buy a new one."

For further clarification, see http://www.spokesman.com/stories/20... which states, "ObamaCare imposes a 3.8 percent annual tax on investment income of individuals making $200,000 or more and on families making $250,000 or more. The new tax is not indexed to inflation, so more people will fall under it each year. Seniors on fixed incomes and people with IRAs and 401(k) plans will be hit particularly hard."

And where is this money going? To pay for more sick care surgeries, pharmaceuticals, chemotherapy treatments, diabetes drugs, cholesterol drugs, mammograms and other virtually useless disease "treatments" that only enrich the medical industry while doing nothing to help real people.


There's never enough money to pay for disease
This 3.8% tax on unearned income from home sales and other sources is just the beginning, of course. You see, in a nation that has chosen to bet its future on a drugs-and-surgery approach to health care, there's never enough money to pay for disease.

Treating disease is wildly more expensive than preventing disease in the first place. But treatment is also wildly profitable, thrusting billions of dollars worth of profits into the hands of drug companies, cancer clinics and radiation machine manufacturers. The entire health care reform bill, it turns out, was designed to keep these dark, dangerous industries rolling in the dough while confiscating the money to pay for it all from U.S. homeowners, investors and social security recipients.

But if people will swallow 3.8%, why not raise it to 9%? Or 18%?

That's where this is headed because -- once again -- there's never enough money to pay for disease in a nation that refuses to legalize free speech about the scientifically proven benefits of nutrition and natural health products.

Mark my words: Unless America radically alters its approach to health care and starts focusing on HEALTH instead of disease "treatment," Big Government will only find new ways to confiscate more money from the people.

Remember, too, that this money is going into the hands of the super wealthy drug companies, cancer clinics and surgery centers of our nation. In effect, Big Government is confiscating money from the working poor and handing it over to the super rich while calling it "health care."

Meanwhile, those who actually decide to take care of their health and avoid diseases by making healthy choices in their lives are penalized the most! The more you work, save and invest, the more you're punished by the government. The only way to get a "free ride" is to stop working, stop taking care of yourself and just let everybody else pick up the bill for your sickness and poverty.


Destroying America's economy one tax at a time
The worst part about this 3.8% Medicare tax is that it punishes savings and investment. At a time when the national savings rate is less than zero and when people desperately need jobs, this is a devastating blow.

New jobs, you see, come from new businesses. And new businesses can only be funded from savings and investment. But if no one is saving money (or investing it), then there are no new companies. Hence, no new jobs, either.

To place the burden of a "sick care tax" on savings and investment in America is to suppress job creation at precisely the time when we need it most.


Confiscation to pay for sick care doesn't work in the long run
That Big Government now resorts to confiscating money from home sales and savings account income is a sign of its sheer desperation.

Trapped in a downward spiral of sick-care spending and bankruptcy, America's politicians haven't yet grasped the simplicity of a plan that would save lives, save money and save America's future: The natural health plan.

Read my free report "Nutrition Can Save America" for a primer on this concept: http://www.naturalnews.com/report_N...

To really save America from sick care bankruptcy, somebody in Washington needs to:

• Repeal the ill-conceived health care reform bill

• Establish health freedom protections for herbs, vitamins, supplements and superfoods

• Dismantle or radically reform the FDA to end its tyranny over the natural products industry

• Outlaw dangerous food ingredients that promote disease (such as sodium nitrite, HFCS, partially-hydrogenated oils, etc.)

... and much more. Essentially, America needs to abandon the conventional medical system that isn't working and embrace holistic medicine which is cheaper (by far!), safer, more effective and even better for the environment.

That's the mission of NaturalNews, by the way: To see America regain her health through holistic nutrition, public education, natural disease prevention and a pursuit of lifelong health and happiness. You can help by spreading the word about this 3.8% tax on home sales and rental income. Let people know how bad things are becoming now in our "sick-care nation" that will inevitably find itself bankrupt if it doesn't change course.

Sources for this story include:
http://www.gop.gov/blog/10/04/08/ob...
http://www.spokesman.com/stories/20...

Views: 25

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Less Prone favorited cheeki kea's photo
2 hours ago
cheeki kea posted a photo
yesterday
Less Prone favorited tjdavis's video
Monday
Less Prone posted a video

“I Helped Build It!” A WEF-Davos Insider EXPOSES The Great Reset

Former investment banker and ESG “whistleblower” Desiree Fixler joins The Winston Marshall Show to expose what she says is one of the biggest financial scams...
Monday
Doc Vega posted a blog post

One Step Too Far Weighs in on Current Events

We now bring you this week's program on One Step Too Far. Bear with us as more BS floats to the…See More
Sunday
Burbia's blog post was featured

A Masterclass Is Being Played Out For Those Who Have The Eyes To See

A question can be asked, why do Jews want a multicultural community in a host society? It is to…See More
Sunday
Doc Vega's 4 blog posts were featured
Sunday
tjdavis's blog post was featured
Sunday
cheeki kea commented on Burbia's video
Thumbnail

the WITCH language of MYSTERY BABYLON (DOCUMENTARY)

"Great video to watch, and it turns out english is a bizarre and formidable language in its…"
Sunday
cheeki kea favorited Burbia's video
Sunday
Less Prone left a comment for Roberto Castorena
"Welcome to a revolutionary concept in public communication, the truth."
Jan 15
Less Prone posted a blog post

Reiner Füllmich imprisoned for investigating the Covid scandal

Rainer Füllmich, a lawyer investigating the Covid scandal was illegally captured in Mexico in…See More
Jan 15
Burbia posted a video
Jan 15
Doc Vega posted blog posts
Jan 14
Less Prone favorited Doc Vega's photo
Jan 13
tjdavis posted a video

They Destroyed Our Country and Nobody Stopped Them | No Commentary

Music Used in this Video:Song/Music - TimeArtist - Hans ZimmerLicense Type: Creative CommonSong/Music - Evidently ChickentownArtist - John Cooper ClarkeLicen...
Jan 13
Doc Vega posted blog posts
Jan 12
Doc Vega posted photos
Jan 12
Sandy posted a photo
Jan 11
james will's blog post was featured

What Is Tubidy? A Complete Beginner’s Guide

IntroductionTubidy is a free online platform that allows users to search, stream, and download…See More
Jan 10

© 2026   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted