I found this article written by HEATHER ELIAS who is the Director of Social Business Practice at National Association of Realtors. As I more than occasionally get questions about the ObamaCare 3.8% Tax on the “sale of Palos Verdes homes and South Bay homes”, I thought I would just distribute her article word for word with all the hyperlinks active. This way, you can get the straight unfiltered information. Hope this helps clear up questions. Personally, I believe this to be an onerous tax, but you can, of course, decide for yourself.
Last week, I wrote a post here about the 3.8% tax that is part of the Health Care Reform Act, which passed in 2010. There have been numerous emails circulating that mischaracterized how the tax worked, and here at NAR we wanted to help people understand it better. The post created a flurry of comments, and I thought we would address some of the points raised directly. (I’m taking some of my clarification points directly from The Top 10 Things You Need to Know about the 3.8% Tax.)
Here is a video with NAR’s director of tax policy, Linda Goold, that does a very good job of explaining: And here are some more resources that could help explain: |
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+George Fotion | ||
Tag Archives: south bay homes
Are Palos Verdes Homes “out of the woods” yet?
The market for Palos Verdes Homes …… is getting better but are we out of the woods yet? I’ve been studying the South Bay Home trends and Palos Verdes Homes trends for over 20 years now and have been keeping detailed records on the market. This has helped me immensely in guiding my clients, both buyers and sellers so that they are empowered with the best information to make intelligent, deliberate and provident decisions. Based on the data at hand, here are my latest conclusions. If the player does not appear below, please go here: Latest Palos Verdes Real Estate Trends Now that you’ve seen there are some very positive signs in the market, consider owning one of the best Rolling Hills homes just listed this week at 11 Ranchview Road! Continue here to view more Palos Verdes Real Estate trends (yellow tab below) |
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