Urban Myths and Election Chatter
Got this one in my email box the other day from a friend:
Under the new health care bill – did you know that all real estate transactions are now subject to a 3.8% Sales Tax ? The bulk of these new taxes don’t kick in until 2013 (presumably after Obama’s re-election). You can thank Nancy, Harry and Barack and your local Democrat Congressman for this one.
—The Spokesman-Review (3/28/2010)
There may be plenty of reasons to vote Republican this November — but a 3.8% sales tax on real estate sales, buried in the new health care legislation, isn’t one of them.
That’s because it isn’t true.
Apparently, fear-mongerers on a certain side of the political spectrum are whipping up anger and paranoia and a BIG dollop of outright lies to engage prospective voters.
So, where’d the myth about a 3.8% sales tax come from?
The best I can determine, someone, somewhere, floated the idea at some point during the health care debate — but it did NOT become law.
Hmm . . . makes you wonder what other “disinformation” is out there . . .
I am trying to investigate the real estate sales tax rumor and have not made much progress but below is info for you from realtor blog:
http://blog.seattlepi.com/seattlewaterfronthomes/archives/215458.asp