Better sell that real estate quick Boys and Girls. From Truth or fiction below. I have heard mention of this on talk radio a couple of times and thought I would check it out. Looks like it starts 2013. It's to finance the health care bill.
Click here to read it in Truth or Fiction.
Real estate sales will be taxed 3.8%- Truth!
This is true, according to Congressman Mark Kirk of Illinois. Congressman Kirk released a statement on March 21, 2010 on HR-3590 saying that the health care bill will increase taxes "by imposing a new 3.8% tax on capital gains."
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