Obama’s new tax on real estate sales??

Some wrong info is circulating the net. 

Twice today I’ve recived and email saying that every new home sale in 2012 will be taxtd an additional 3.8%
Its a rumor based on a little fact.
From FactCheck.org:
Q:

 Does the new health care law impose a 3.8 percent tax on profits from selling your home?

A:

 No, with very few exceptions. The first $250,000 in profit from the sale of a personal residence won’t be taxed, or the first $500,000 in the case of a married couple. The tax falls on relatively few — those with high incomes from other sources.

You can read more here:

http://www.factcheck.org/2010/04/a-38-percent-sales-tax-on-your-home/

or

http://www.snopes.com/politics/taxes/realestate.asp

Barry Bevis, Broker/Realtor
C-850-491-3600
F-877-870-9066
www.BevisRealty.com

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