Factual Presentation , matman. But, forgive him as he was regurgitating the Rush Limbaugh version of the law.
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c'mon skinner, quit spreading falsehoods.
Yes, the health law will impose a 3.8 percent tax on investment profits and other non-wage income starting in 2013. But that tax applies only to couples with adjusted gross income of $250,000 (or individuals with AGI of $200,000). About 95 percent of households make less than that, and will be exempt from the law no matter what.
In addition, couples who sell a personal residence can exclude the first $500,000 in profit from tax ($250,000 for singles). That would be profit from a home sale, not proceeds. So a couple that bought a house for $100,000 and sold it for $599,000 would owe no tax, even under the health law.
If that couple had AGI in excess of $250,000 and made a profit of $500,010, it would owe the new tax. On ten bucks. That would be an extra 38 cents.
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That's it raise the flood plane,screw the home owners, by devalueateing their property and forcing them to buy more over priced insurance all for more federal money they don't have and more federal regulations we don't need!!! Typical lib. philosophy.
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Well, a flood threat will have an impact on the value of your home. Who is going to want to buy a home in the flood plain when a flood threat exists every 2 years?
Good luck with that.
Also, if you don't want your house taxed at 3.8 percent under the Affordable Care Act, sell it this year. When Obamacare becomes law, one of those unknown mandates is to tax your home when you sell it.
All your assets to us belong says Obama.
All our debt you must pay says Obama.
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The city council will have shortchanged the the citizens of Minot, by declining $150 million in federal funds in exchange for raising the flood plain a few feet,IF the mouse does overrun the valley again.
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301 4th St SE , Minot, ND 58703 | 701-857-1900