BOTANICAL MEDICINE POSTS (BMP)

Monday, March 19, 2012

A Clarification on the Taxes of Your Home

It turned out that you need to meet certain requirements in order for the government to collect taxes on selling your home. One of these requirements is that you need to have a total family income of $250 K or more. Other requirements are also there to assure that this tax is only applicable to the very rich. Good, I will never have to worry about it ever.

Sunday, March 18, 2012

Home Sale Tax is Coming in 2013

Beginning in 2013 the government will tax you 3.8% on the sale of your home. Say your house is worth $400,000 you will end-up paying $15,200 in taxes. You can thank the healthcare bill passed by the Congress for it. This was part of the healthcare bill tucked-in within the thousands of pages that no Congressman read.

It is Going to be an Interesting Week!

On a scale from 1 to 5 my average score for the next 6 days is going to be 2.83, or 57%. Well, at least it is above 50%!

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