Hidden taxes are everywhere to pay for God knows what….
“Franklin Lakes, New Jersey (My9NJ) –
The Affordable Care Act or Obamacare seems to be in the headlines every day because of all of the problems surrounding the launch. And while most realize the law is funded in part by the individual mandate and penalty tax, it is also being funded in ways that are not discussed as much in the media.
Luxury real estate broker Ron Aioso says there is a tax that is rarely discussed that also helps fund Obamacare. It is a tax on high-income taxpayers when they sell their homes.
Franklin Lakes, N.J. was listed on Forbes.com in 2010 as one of “America’s Most Expensive ZIP Codes”, with a median home price of $1.3M.
Aioso says homeowners in a neighborhood like this could really be impacted by the Obamacare tax.
“Where we are today in a luxury area, you look and you see this home behind me, somebody like this is really affected,” he said.
If you are single with an adjusted gross income of $200,000 or file jointly with an income of $250,000 or more, you may be impacted. Once you sell your home, any profits over the first $500,000 are already subject to a capital gains tax. And now those profits will have an additional 3.8% tax to fund Obamacare…..”
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yeah, what a racket this government has become through the centuries … tax with representation is ancient history … the government takes a piece of every transaction, every movement of money from one pocket to another .. organized crime models itself after the government because government has become the ultimate organized crime
you get taxed on your income by the fed, state & local city .. you spend what’s left & pay a tax on that .. whoever you pay to, get’s taxed on that .. whatever they buy , they get taxed on that … you pay the handyman, you get taxed, they get taxed .. the whole structure of the system is dependent on this shakedown of the citizen .. from all politicians/law-makers, to the judges, lawyers, cops, government employees, tax-exempt churches, synagogues, mosques, to the military/secret services/CIA which defends & implements this corrupt system worldwide & particularly at home
juice.out of 100% of taxation,40% goes to the iRs.the other 60 goes to the vatican……..as explained by karen Hudes,senior council of the IMF.
who has now turned whistleblower!!!!
were getting juiced, squeezed, and recycled for the process all over again.
i always said the only difference between gubmint & mafia is the license to kill. oh and since government means control of the mind in latin the people somehow smile as they grab their ankles.