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Tuesday, May 4, 2010
New Federal Real Estate sales and 401k taxes!!
Under the new health care bill - did you know that all real estate transactions are now subject to a 3.8% Sales Tax? You can thank Nancy, Harry, Barack and your local Democrat Congressman for this one. If you sell your $400,000 home, this wil l be a $15,200 tax. As Nancy said, "We have to pass the bill so that you can find out what is in it." Surprise!!