Josh Talayka | May 3, 2011
In order to fund the President Obama’s Health Care & Medicare overhaul plan, congress enacted two separate taxes that will raise the necessary funds need for the president’s plan. The first is a 0.9% tax that will be applied towards high wage and self-employment income. The second is a 3.8% tax that will be applied to some investment income received. In order to better understand how this tax will be applied, the National Association of Realtors (NAR) has put together some examples of different scenarios.
Category: Capital Gains, General, Tax |
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Tags: 3.8% tax, Capital Gains, Health Care, investment income, Medicare, NAR, National Association of Realtors, Obama Care, Real Estate, Tax
Josh Talayka | March 7, 2011
The new tax will become effective in January 2013. It is estimated that the tax will bring in $210 Billion to help with Medicare.
Category: Capital Gains |
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Tags: investment income, Medicare, Real Estate, Tax
Josh Talayka | March 25, 2009
With lenders becoming more and more cautious about whom they loan money to, seller financing is becoming more desirable to both buyers and sellers. The buyer obviously benefits by being able to purchase a home they otherwise may not qualify for. However, it is the seller that really has the opportunity to reap the majority of the benefits from the transaction, including tax benefits.
Category: Capital Gains, Personal Financing |
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Tags: Capital Gains, Real Estate, Seller Financing, Tax
