3-4% to stock transactions?
y?
to pay for health care?
believe the current complainer in chief is inn over his head.
can we afford to waituntil jan 13 to say goodbye, good riddance to such incompetence>
Nope. Ya can't post factual analysis, so you make up US Code. No such tax nor housing remotely telated to health care.
Why not say penalties for terrorism part of ACA lol.
Just because it is a tax you can't tangentially link it to health care.
Why not say penalties for terrorism part of ACA lol.
Just because it is a tax you can't tangentially link it to health care.
Beginning in 2013, the national health care reform legislation that became law in March, 2010, imposes a new 3.8 percent tax on certain investment income. The new tax will apply to single filers with incomes over $200,000 and married taxpayers with incomes over $250,000. Under the law, the investment tax provisions in Chapter 2A of the Internal Revenue Code are placed under the heading “Unearned Income Medicare Contribution.” In general, this new Medicare tax will apply to investment income that is subject to income tax, which includes capital gains. Pursuant to IRC Section 1402 (C)(1)(A)(iii), the investment income to which this new tax applies includes “net gain” (to the extent taken into account in computing taxable income) attributed to the disposition of property that qualifies as a capital asset under Section 1221 (capital gains), as well as gains on other property that are considered part of ordinary income. Also of relevance for rental property owners, this new tax applies to a real estate investor’s rental income if they have income above the $200,000/$250,000 income thresholds.
http://apiexchange.com/index_main.php?id=8&idz=236
-- Modified on 7/7/2012 10:18:13 AM
The provision that establishes this tax can be found on page 946, Section 1402 of the Affordable Care Act. This tax is often referred to as the “Medicare tax,” because it was designed to raise funds for Medicare.
From Pat Leahy's website:
"The groups that may be affected by this provision are individuals with annual incomes over $200,000 and married couples with a joint income of over $250,000. The only home sellers who will be affected by this provision are those who fit the above description, and who sell their home for a profit of more than $250,000. The tax will not apply to the first $250,000 in profits for the individual selling his or her home or to the first $500,000 in profits for a married couple.
A report released by the Tax Foundation on April 15, 2010 predicts that the new tax on investment income (including real estate) will affect only the top-earning 2 percent of American families."
If you have a problem with that tax on the top 2% of earners, take your hand and write your Reps and Senators. Tell them that tax is cutting into your pussy money. Let me know when they've changed their votes. Try holding your breath until that happens.
-- Modified on 7/7/2012 11:46:02 PM
Like a child, you quoted from one of the many fucked up right wing rhetoric sources. The morons quoted a code section on real estate tax from the IRS and then reached out and pasted their own fucked up distorted label trying to link it to health care legislation, namely the ACA. You then found this fucked up right wing rag, and swallowed their bullshit as if it were gospel.
This is a prime example of the disinformation campaign on ACA and you were the unwitting sucker who echo chambered it.
For the fifteenth fucking time Timbow, this tax has NOTHING WHATSOFUCKING EVER TO DO WITH MEDICARE OR THE ACA. IT IS NOT A TAX ASSOCIATED IN ANY FUCKING WAY WITH ACA.
GET A FUCKING GRIP. JUST BECAUSE FOX OR SOME FUCKED UP MORONS SAY SOMETHING IS PART OF THE ACA DOESN'T MEAN IN FACT IT IS.
Your right wing source as dumb as Fox said that and distorted it. The IRS code has nothing to do with ACA or Medicare or Medicine legislation. You swallowed your fucked up right wing source hook, line, and sinker. You can't even read and interpret your right wing source.
They quoted an IRS code section and then smeared a label on it construing it as somehow in some fucked up delusional way connected with ACA. In fact IT IS FUCKING NOT.
-- Modified on 7/7/2012 9:04:18 PM
http://www.realtor.org/small_business_health_coverage.nsf/docfiles/government_affairs_invest_inc_tax_broch.pdf/$FILE/government_affairs_invest_inc_tax_broch.pdf
-- Modified on 7/7/2012 1:52:51 PM
-- Modified on 7/7/2012 1:51:25 PM
NOTE TIMBOW: If they sold you 150 acres of shit land and told you there was oil or gold or uranium under it, I guess you'd believe them. The right wing realtor rag is aimed at people ignorant of the US Code and you stepped right into it because you are.
"The real estate tax is aimed at Medicare funds and only applies to profits from home sales by individuals with incomes over 200 grand and couples over 250 grand.
The only home sellers who will be affected by this provision are those who fit the above description, and who sell their home for a profit of more than $250,000. The tax will not apply to the first $250,000 in profits for the individual selling his or her home or to the first $500,000 in profits for a married couple.
The tax will affect only a small percentage of home sales. A report released by the Tax Foundation on April 15, 2010 predicts that the new tax on investment income (including real estate) will affect only the top-earning 2 percent of American families."
My only regret is that the tax on those people was not 38.2% instead of the modest amount that it is. Write your representatives and let them know if you're in this category that your pussy money is being cut into. Then hold your breath until they repeal the law.
-- Modified on 7/7/2012 11:52:21 PM
They claim loosely with no shred of evidence from the US Code that "this new tax was passed by Congress in 2010 with the intent of generating an estimated $210 billion to help fund the health care law. That's total shit and you fell for it. The Act WAS passed, but it had not a thing to do with the health care law and there is nothing in Title 26 to take a penny of the fucking tax money and use it for implementing the health care law. That's how the realestate schmucks are going over your head. They know the Timbows will be ignorant enough to believe them.
I'm going to link you to that actual real estate law and then I'm going to link your ass to the Health Care law. There is no fucking connection. They are 16 titles away from each other.
The Mandate is in Title 26 sure, but the mandate has nothing to do with fucking real estate.
The realtor's shit on paper told you that that real estate tax part of the Tax code was connected to the ACA and you fell for it. And you keep making a fool out of yourself because you're accepting their premise because they stuck in that sentence about raising money for health care. They're lying to you.
Read the Tax Code; then read the ACA and you show us where the two are remotely connected. You can't and you won't.
It sailed over YOUR head because you are ignorant of how the US Code is written. You don't understand the IRC portion of the real estate tax is in Title 26 and has NOTHING to do with Title 42 which is the Affordable Care Act.
And I'm trying to teach you. So read and keep your mouth shut long enough for me to teach you. I don't know what you do; but law and medicine sure aren't any of it.
This is the tax code title Timbow Title 26:
http://www.law.cornell.edu/uscode/text/26/1402
And here up in Title 42 16 fucking Titles away from the Tax Code is the ACA:
http://www.law.cornell.edu/uscode/text/42/18001
They aren't anywhere near each other and they aren't fucking related.
Your newsletters from realty associations are quoting the tax code and if they are saying the two are connected in any way shape or form they are either stupid and lying or contemptable of you and lying. Take your fucking pick.
Those realtor blogs or newsletters you keep linking are all quoting Title 26 Section 1402. Specifically they're quoting IRC (Internal Revenue Code) in Title 26. The health care law or ACA is Title 42 Section 180001.
The two aren't remotely related. But the disinformation that has sucked you in as you're making a fool out of yourself but there aren't any lawyers around to tell you is claiming that Internal Revenue tax code on home sales (and it's a specific type of home sale) has something to do with the ACA. They are 16 fucking titles apart and it has the IRC or Internal Revenue Code on housing taxation has no more to do with the ACA than if you were being treated for gastroesophageal reflux and someone told you to start swallowing sheetrock or 2X4s instead of Nexium.
Your right wingnut source Timbow, and I'm trying to be nice to you because I know you aren't trained to read law and haven't read the S. Ct. opinion and it would have confused you--I'm not impugning your intelligence--I'm simply saying you aren't trained in legal citations. You don't know how the US Code works, or what is where in it, and you aren't familiar with reading federal appellate case law. And there is no reason you should be.
So what's happening, and you got sucked in, is that newsletter reached out and took the US Code on Taxes or the IRC(Internal Revenue Code) and started appending parts of it to what is no where near it. The Affordable Care Act is Part of Title 42. Look at your fingers and toes. 42-26 is what?
That's right Timbow the Tax code is 16 fucking titles lower than Title 42 where the health care law resides.
So thinking that a lot of people are stupid, the right wing disinformation machine knows they can't read USC. So they assume people will be ignorant enough that if they just quote a section of Title 26 and claim it's part of Title 42, literally millions of suckers like Timbow will read that shit and believe it. Again Timbow, repeat slowly after me. Title 26 is the Tax Code or IRC as it is called. Title 42 is not. Health Care Law is in Title 42 and it's fucking gynormous. Tax Code is in Title 26.
I'll assume your foot is not connected to your chin, although right now it's thrust deep in your mouth no matter how many little smiley icons you can click. So trying to reach out and take the tax code and claim that it's place in title 42 is part of the health care law is like trying to put your foot that you walk on in your mouth.
NOTE TIMBOW: If they sold you 150 acres of shit land and told you there was oil or gold or uranium under it, I guess you'd believe them. The right wing realtor rag is aimed at people ignorant of the US Code and you stepped right into it because you are.
You have a huge majority in the House. What's stopping them from repealing this real estate tax that impacts the top 2% of earners? I'm only sorry it's not a 38.2% tax instead of a 3.8% tax.
"The real estate tax is aimed at Medicare funds and only applies to profits from home sales by individuals with incomes over 200 grand and couples over 250 grand.
The only home sellers who will be affected by this provision are those who fit the above description, and who sell their home for a profit of more than $250,000. The tax will not apply to the first $250,000 in profits for the individual selling his or her home or to the first $500,000 in profits for a married couple.
The tax will affect only a small percentage of home sales. A report released by the Tax Foundation on April 15, 2010 predicts that the new tax on investment income (including real estate) will affect only the top-earning 2 percent of American families."
My only regret is that the tax on those people was not 38.2% instead of the modest amount that it is. Write your representatives and let them know if you're in this category that your pussy money is being cut into. Then hold your breath until they repeal the law.
-- Modified on 7/7/2012 11:55:04 PM
-- Modified on 7/7/2012 3:10:35 PM
-- Modified on 7/7/2012 3:10:59 PM
Does that apply to your home sales Timbow? If so you call them and tell them off their asses, in their seats by noon today and repeal that fucking tax or you're comin' for 'em. Tell them they can't cut into your pussy money and if they were afraid of Tony Soprano wait 'til Lil Timbow rags on their asses. They'll jump for sure.
The provision that establishes this tax can be found on page 946, Section 1402 of the Affordable Care Act and it goes into effect December 30, 2012.
I'd also email Team Obama and tell them to get off their asses and sign the repeal it's Lil Timbow talkin'. That's gonna work. Tell Stephanie Cutter you don't want that tax cutting into your pussy money.
NOTE TIMBOW: If they sold you 150 acres of shit land and told you there was oil or gold or uranium under it, I guess you'd believe them. The right wing realtor rag is aimed at people ignorant of the US Code and you stepped right into it because you are.
The provision that establishes this tax can be found on page 946, Section 1402 of the Affordable Care Act. This tax is often referred to as the “Medicare tax,” because it was designed to raise funds for Medicar
You have a huge majority in the House. What's stopping them from repealing this real estate tax that impacts the top 2% of earners? I'm only sorry it's not a 38.2% tax instead of a 3.8% tax. Aren't they listening to you? Whoops the Supreme Court upheld it. So now you'd have to win the Senate and the White House in November and damn that's not going to happen so I guess you're fucked.
"The real estate tax is aimed at Medicare funds and only applies to profits from home sales by individuals with incomes over 200 grand and couples over 250 grand.
The only home sellers who will be affected by this provision are those who fit the above description, and who sell their home for a profit of more than $250,000. The tax will not apply to the first $250,000 in profits for the individual selling his or her home or to the first $500,000 in profits for a married couple.
The tax will affect only a small percentage of home sales. A report released by the Tax Foundation on April 15, 2010 predicts that the new tax on investment income (including real estate) will affect only the top-earning 2 percent of American families."
My only regret is that the tax on those people was not 38.2% instead of the modest amount that it is. Write your representatives and let them know if you're in this category that your pussy money is being cut into. Then hold your breath until they repeal the law.
-- Modified on 7/7/2012 11:58:01 PM
-- Modified on 7/7/2012 3:09:55 PM
Why aren't the GOPutzes in the House taking orders from Lil Timbow? You pick up that cute lil cell phone and you call Boehner and tell him to get out of Cinncinaiti right fucking now, call everyone in by noon tomorrow and repeal the code section below in USC Title 42 Section 180001 here and don't take any shit from Boehner. If he raises his voice, you tell him he doesn't know who he's fucking dealing with. Call Cantor, McCarthy and that little fuckwad Marsha Blackburn and tell the Timbow want's their asses in Congress by noon today to repeal the law and the law is here. It's been upheld by Chief Justice Roberts and the Supremes. I'm sure Obama will be happy to sign that repeal. When Timbow talks, people fucking jump. You have a lot more juice than Tony Soprano so get on the phone.
The provision that establishes this tax can be found on page 946, Section 1402 of the Affordable Care Act. This tax is often referred to as the “Medicare tax,” because it was designed to raise funds for Medicar
You have a huge majority in the House. 242 GOPutzes to 193 Dems. What's stopping them from repealing this real estate tax that impacts the top 2% of earners? I'm only sorry it's not a 38.2% tax instead of a 3.8% tax. Aren't they listening to you? Whoops the Supreme Court upheld it. So now you'd have to win the Senate and the White House in November and damn that's not going to happen so I guess you're fucked.
"The real estate tax is aimed at Medicare funds and only applies to profits from home sales by individuals with incomes over 200 grand and couples over 250 grand.
The only home sellers who will be affected by this provision are those who fit the above description, and who sell their home for a profit of more than $250,000. The tax will not apply to the first $250,000 in profits for the individual selling his or her home or to the first $500,000 in profits for a married couple.
The tax will affect only a small percentage of home sales. A report released by the Tax Foundation on April 15, 2010 predicts that the new tax on investment income (including real estate) will affect only the top-earning 2 percent of American families."
My only regret is that the tax on those people was not 38.2% instead of the modest amount that it is. Write your representatives and let them know if you're in this category that your pussy money is being cut into. Then hold your breath until they repeal the law.
-- Modified on 7/7/2012 4:10:25 PM
and don't be a pussy. Call Boehner, Kantor and McCarthy at home now and tell them to get on a plane and fucking repeal it. You want this part of Title 42 repealed, and they better fucking jump when you say jump.
The provision that establishes this tax can be found on page 946, Section 1402 of the Affordable Care Act. The Supreme Court upheld it last week but don't sweat them.
Don't take No for an answer. How many properties have you sold with profits above 250 grand Timbow? You don't just have 3 somes do you. You order up 35 girls at a time don't you?
Don't let that GOPutz majority cut into your pussy money. Call 'em right now.
-- Modified on 7/8/2012 12:19:42 AM