OK Health Care Freedom Amendment, Sta...

OK Health Care Freedom Amendment, State Question 756

Created by CitizenTopix on Oct 11, 2010

1,604 votes

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Since: Sep 12

Groningen, Netherlands

#34528 Nov 28, 2012
Jesse, again, you are spreading rumors and misconceptions.

Read this if you CARE enough to find out the truth.

http://www.realtor.org/small_business_health_... $FILE/government_affairs_inves t_inc_tax_broch.pdf

Oh, and by the way, we do have a across the board tax on the sell of all houses in The Netherlands, no matter what your income or profit. Sounds like the American tax is much LESS and will affect many LESS people than the tax we have here.
TAMARA

Edmond, OK

#34529 Nov 28, 2012
OkieAbroad wrote:
Jesse, again, you are spreading rumors and misconceptions.
Read this if you CARE enough to find out the truth.
http://www.realtor.org/small_business_health_... $FILE/government_affairs_inves t_inc_tax_broch.pdf
Oh, and by the way, we do have a across the board tax on the sell of all houses in The Netherlands, no matter what your income or profit. Sounds like the American tax is much LESS and will affect many LESS people than the tax we have here.
We are now taxed if you make a profitable gain when you see property including the sell of houses. What Jesse is talking about is something different. What Jesse is talking about is homes in s certain upper bracket.
TAMARA

Edmond, OK

#34530 Nov 28, 2012
OkieAbroad wrote:
Jesse, again, you are spreading rumors and misconceptions.
Read this if you CARE enough to find out the truth.
http://www.realtor.org/small_business_health_... $FILE/government_affairs_inves t_inc_tax_broch.pdf
Oh, and by the way, we do have a across the board tax on the sell of all houses in The Netherlands, no matter what your income or profit. Sounds like the American tax is much LESS and will affect many LESS people than the tax we have here.
The tax Jesse is talking about will some who go to down size their homes.

Since: Jul 10

Location hidden

#34531 Nov 28, 2012
OkieAbroad wrote:
Jesse, again, you are spreading rumors and misconceptions.
Read this if you CARE enough to find out the truth.
http://www.realtor.org/small_business_health_... $FILE/government_affairs_inves t_inc_tax_broch.pdf
Oh, and by the way, we do have a across the board tax on the sell of all houses in The Netherlands, no matter what your income or profit. Sounds like the American tax is much LESS and will affect many LESS people than the tax we have here.
==========
Unbeleivable that some are so opposed out of their hate that they still insist on spreading lies and rumors in an effort to further divide and tear down this nation.

Then again, maybe some of these naysayers are just plain ignorant to the max and totally helpless to independently verify anything.

"The tax will fall only on net investment income of a high-income few. Even for them, it’s not a “sales tax” on every dollar of the selling price of a home, but a tax on the profit. Furthermore, for a principal residence, only the amount of profit that exceeds $250,000 (or $500,000 in the case of a couple) will be taxed."

Since: Jul 10

Location hidden

#34532 Nov 28, 2012
If you make more than $250,000 you are gonna pay more taxes, whether it is from job, investments, real estate, home sale, gambling, yacht sales or anything else, but you won't if your income is less. The first $250,000 is exempt. The amount over is what gets a higher tax rate.
Native American

Sharon Springs, KS

#34533 Nov 28, 2012
So California is a GREAT example of government at its best! Wow what a stretch! TRULY Great entities are not the ones facing bankruptcy.( U still hiding money in the Caymans?)

Since: Sep 12

Groningen, Netherlands

#34534 Nov 28, 2012
TAMARA wrote:
<quoted text>We are now taxed if you make a profitable gain when you see property including the sell of houses. What Jesse is talking about is something different. What Jesse is talking about is homes in s certain upper bracket.
It's the same tax he's talking about Tamara. Read the site.

Since: Jul 10

Location hidden

#34535 Nov 28, 2012
All ignorant right-wingers should be charged a higher tax rate on every penny they get, since they want to believe that's the way it is.

Give 'em what they want. The rest of us can use the lower rates as prescribed by Obamacare.

Since: Sep 12

Groningen, Netherlands

#34536 Nov 28, 2012
Here is an example of the new tax given on the link I gave earlier. It's not a straight forward tax on the profit of the house sold.. it's much less as you will see here:

Capital Gain: Sale of a Principal Residence
John and Mary sold their principal residence and realized a gain of $525,000.
they have $325,000 Adjusted Gross Income (before adding taxable gain).
the tax applies as follows:
AGI Before Taxable Gain $325,000
Gain on Sale of Residence $525,000
Taxable Gain (Added to AGI)$25,000 ($525,000 –$500,000)
New AGI $350,000 ($325,000 +$25,000 taxable gain)
Excess of AGI over $250,000 $100,000 ($350,000 –$250,000)
Lesser Amount (Taxable)$25,000 (Taxable gain)
Tax Due $950 ($25,000 x 0.038)

Since: Sep 12

Groningen, Netherlands

#34537 Nov 28, 2012
WMCOL wrote:
All ignorant right-wingers should be charged a higher tax rate on every penny they get, since they want to believe that's the way it is.
Give 'em what they want. The rest of us can use the lower rates as prescribed by Obamacare.
I've seen online there seems to be a typical right wing Republican email going around about this.. and as usual there will be many many who will just believe what they read without researching the subject.
I understand your frustration.

Since: Jul 10

Location hidden

#34538 Nov 28, 2012
OkieAbroad wrote:
<quoted text>
Where are you getting that information?
==========
They come on here with that crap all the time, then when they find they've been lied to again, they are unwilling to accept the truth and straightway try to justify their lies but only make bigger fools of themselves. Truth is so much easier and cleaner, and freeing. They really should try it sometime.

Since: Sep 12

Groningen, Netherlands

#34539 Nov 28, 2012
I figure is someone makes $25,000 on the sale of their house and they have a $325,000 Gross income, they won't miss that $950,00.

You think?

Since: Jul 10

Location hidden

#34540 Nov 28, 2012
OkieAbroad wrote:
Here is an example of the new tax given on the link I gave earlier. It's not a straight forward tax on the profit of the house sold.. it's much less as you will see here:
Capital Gain: Sale of a Principal Residence
John and Mary sold their principal residence and realized a gain of $525,000.
they have $325,000 Adjusted Gross Income (before adding taxable gain).
the tax applies as follows:
AGI Before Taxable Gain $325,000
Gain on Sale of Residence $525,000
Taxable Gain (Added to AGI)$25,000 ($525,000 –$500,000)
New AGI $350,000 ($325,000 +$25,000 taxable gain)
Excess of AGI over $250,000 $100,000 ($350,000 –$250,000)
Lesser Amount (Taxable)$25,000 (Taxable gain)
Tax Due $950 ($25,000 x 0.038)
==========
Did you mean this, "Gain on Sale of Residence $525,000" to be $25,000?

Since: Sep 12

Groningen, Netherlands

#34541 Nov 28, 2012
WMCOL wrote:
<quoted text>
==========
Did you mean this, "Gain on Sale of Residence $525,000" to be $25,000?
The taxable gain on the sale is only taxable if it's over $500,000. If they had sold their house and made less than $500.000 then none of that money would be taxable by the new law.

Since: Jul 10

Location hidden

#34542 Nov 28, 2012
WMCOL wrote:
<quoted text>
==========
Did you mean this, "Gain on Sale of Residence $525,000" to be $25,000?
==========
Okay I see what it is. The 525,000 is a gross gain or total received from sale.

Since: Sep 12

Groningen, Netherlands

#34543 Nov 28, 2012
they might still have to pay taxes on that money according to other existing tax rates due to their 325,000 a year salary, but not from this new 3.8% investment income tax.

Since: Sep 12

Groningen, Netherlands

#34544 Nov 28, 2012
WMCOL wrote:
<quoted text>
==========
Okay I see what it is. The 525,000 is a gross gain or total received from sale.
Yes, house sold for $525,000 - taxable limit amount $500,000 leaves a taxable gain of $25,000 at 3.8%.

Since: Jul 10

Location hidden

#34545 Nov 28, 2012
OkieAbroad wrote:
<quoted text>
Yes, house sold for $525,000 - taxable limit amount $500,000 leaves a taxable gain of $25,000 at 3.8%.
==========
Yeah, 99% of Okies don't have to worry about selling their homes for more than $500,000. But I bet they wish they could get in that 3.8% bracket but I don't think those Okie trailers come in that price range.

California is another story.

http://realestate.aol.com/blog/2011/09/15/sol...

Since: Apr 10

Location hidden

#34546 Nov 28, 2012
Native American wrote:
So California is a GREAT example of government at its best! Wow what a stretch! TRULY Great entities are not the ones facing bankruptcy.( U still hiding money in the Caymans?)
Ya know you Okies can babble about California all you want. California is simply too big to be allowed to fail. The cities such as Stockton and San Bernadino that have gone bankrupt are heavily Hispanic communities and run like a city in Mexico. Steal all you can as fast as you can. That's their system. There is nothing new there. Stockton is the Detroit of California in terms of crime and gangs. Nuff said.

But what continues to happen is that California citizens continue to pay more in federal income tax than we get back and you Okie parasites continue to pay less in than you get back. You better hope Cali survives. If it doesn't you might have to actually pay your own way. Which you have never done since statehood.

Since: Sep 12

Groningen, Netherlands

#34547 Nov 28, 2012
WMCOL wrote:
<quoted text>
==========
Yeah, 99% of Okies don't have to worry about selling their homes for more than $500,000. But I bet they wish they could get in that 3.8% bracket but I don't think those Okie trailers come in that price range.
California is another story.
http://realestate.aol.com/blog/2011/09/15/sol...
Nor do many couples living in Oklahoma make more than $250,000 AGI. Yeah, I'm betting with this new investment tax law, Dusty is "Screwed" .. ;).

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