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Proposed National Sales Tax to Begin 2013 – How Does it Effect Real Estate?

3.8% National Real Estate Sales Tax to Pay for Obama Care

Just when you thought you couldn’t be taxed any more here comes another one.  Congress passed this in 2010 and it is complicated.  Below is a link from the National Association of Realtors on the ends and outs of the new tax.  Just so you know it does not effect all real estate.  Like I said it’s complicated.  Basically,  if your income is 200K for single or 250K for dual you’ll be considered a club member.  This tax is to pay for Obama Care in case you asked.  I don’t like surprises so pass the link on to help others if you like.  Hopefully, it will stay in the proposed category.  The link below provides information on the 3.8% proposed tax on investment income and real estate scenarios.

Tax brochure for business that helps pay for Obama Care

About Terry Smith

Passionate about real estate, positive problem solver, specialty boutique real estate brokerage that does things your way! A full-time Broker & REALTOR®, helping people buy and sell homes in the Dallas - Plano area. Whether you're a buyer just starting out or someone with luxury properties to sell. I have extensive knowledge and experience to help you with your real estate transaction. I am a native Dallasite. Have questions? Ask me. You can find me on Google+ and Pinterest.

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