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It made the rounds in 2010. Now it's been given a nasty "election 2012" update...

Tonight I got this from my sweet senior citizen (and dem voter) avon lady...

When does your home become part of your health care? After 2012! HOME SALES TAX

I thought you might find this interesting, -- maybe even SICKENING!

The National Association of Realtors is all over this and working to get it repealed, -- before it takes effect.
But, I am very pleased we aren't the only ones who know about this ploy to take billions from unsuspecting homeowners.

Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it?  That's $3,800 on a $100,000 home, etc.  When did this happen?
It's in the health care bill, -- and it goes into effect in 2013.  Why 2013?  Could it be so that it doesn’t come to light until after the 2012 elections?  So, this is “change you can believe in”?

Under the new health care bill all real estate transactions will be subject to a 3.8% sales tax.

If you sell a $400,000 home, there will be a $15,200 tax.  This bill is set to catch the retiring generation, -- who often downsize their homes.
Does this make your November, 2012 vote more important?

Oh, you weren't aware that this was in the ObamaCare bill?  Guess what; you aren't alone!  There are more than a few members of Congress that weren't aware of it either.

You can check this out for yourself at:

http://www.gop.gov/...
I hope you forward this to every single person in your address book.
VOTERS NEED TO KNOW.

fortunately, my neighbor does not use the bcc, so i was able to respond to EVERYONE she forwarded it too...(below the fold)

my (fast and furious) response:

Is your home, in this market, worth MORE than half a million dollars?
(or 250k if you are single, like i am.)...
sadly, I'm safe (as is everyone i know) from this terrifying tax.

Q: Does the new health care law impose a 3.8 percent tax on profits from selling your home?

A: No, with very few exceptions. The first $250,000 in profit from the sale of a personal residence won’t be taxed, or the first $500,000 in the case of a married couple. The tax falls on relatively few — those with high incomes from other sources.
source:
Annenberg Public Policy Center -- A NONPARTISAN institute.

http://www.factcheck.org/...

and by the way,  this tax not only doesn't apply AT ALL unless you're house is worth more than half a mil,  but even for the rich, the first half a mil is tax-free. so the very rich might pay a small tax on any  amount ABOVE AND BEYOND that first half a million they got..

somehow....that's not going to keep me up nights.

so your first 250k-500k earned from a house sale is tax free -- totally safe! wow, what a relief....

would love for someone to pay me anything close to that for my adorable little starter ranch home. if i get it -- i'll gladly pay it!!

when you know the facts, the health care bills is less evil, despite the hysterical emails that go around.

by the way, folks, i'm a real person, a neighbor of pat's, and i have endometriosis....and for years, my insurance company would not cover my birth control pills, necessary to keep all that "gunk" from building up again (and requiring expensive surgery).
This week, I just got a letter from my insurer.

now, thanks to the aca (affordable care act) as of aug. 1, my birth control, which used to cost 30 bucks a month even when i was earning next to nothing, freelancing, is >free<.

as it is for all women who are insured.
finally, i am getting something for the insurance i've paid for for >decades<...

thank you, "obamacare"!

Now, I only hope my nice neighbor will forward it to the jerks who sent it TO her.

just got an email from my avon lady, after i sent my reply PLUS your update info that says how the tax is on 250-500K PROFIT: here it is.

thank you for replying to that email.  Interesting - I will let everybody know.
hope she does. :-}
Poll

Did you get a version of this email?

46%24 votes
11%6 votes
9%5 votes
19%10 votes
5%3 votes
7%4 votes

| 52 votes | Vote | Results

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Comment Preferences

  •  You made an error I think (19+ / 0-)

    It has nothing to do with worth, it's all about gain is my understanding, meaning if your house is worth 5 mill and you paid 4.75, you wouldn't face a tax

    •  You are correct (20+ / 0-)

      and it's a bit more complicated. It is not a transaction tax, it's a tax on investment income and it applies only to individuals above a certain income level for profits that exceed the standard capital gains exclusion.

      There's a good explanation here:

      http://www.snopes.com/...

      "I can't come to bed yet! Someone is WRONG on the Internet!" - XKCD

      by SingularExistence on Sat Jul 21, 2012 at 04:01:44 PM PDT

      [ Parent ]

    •  Yes, if there is a net gain of more than (10+ / 0-)

      $250K individuals ($500K couples) from a sale, then they are taxed on the difference.

      For example, if you bought your house for $25,000 (like some relatives of mine did 30 years ago), and then sold it today for its current $750,000 value, there might be a tax involved.

      If you deduct the $500K that leaves $225,000, except they have invest quite a bit more in the house than that, so even they wouldn't have to pay taxes on the sale.

      For me, Mitt reminds me of Jeff Bridges in Starman. He's like an alien that hasn't read the entire manual. You know, he's going, "Nice to be in a place where the trees are the right size. -- Robin Williams on Letterman 26 Apr 2012

      by hungrycoyote on Sat Jul 21, 2012 at 04:06:24 PM PDT

      [ Parent ]

    •  it has to do with sale price (0+ / 0-)

      i thought it was clear. oh, well.

      Change is inevitable. Change for the better is a full-time job. -- Adlai E. Stevenson

      by marzook on Sat Jul 21, 2012 at 04:49:43 PM PDT

      [ Parent ]

      •  No, the sales price has nothing to do with the tax (5+ / 0-)

        the profit (if any) over $250K is taxed at 3.8%. And that 3.8% is just the Medicare Tax that "investors" have avoided until the ACA.

        It is a tax on people with high incomes.

      •  Not the price: The Net Gain from the Sale. (5+ / 0-)

        Amount Sold for minus (-) Amount Paid for the House  Minus (-)  Cost of Improvements (New Flooring, new roof, etc) = Net Gain

        From that Net Gain, you deduct the $250K ($500K) and for the majority of us, that's going to be a negative number, and therefore the tax will not apply.

        This is just any right-wing crazy email full of lies designed to get people angry at President Obama for something that isn't even true.

        For me, Mitt reminds me of Jeff Bridges in Starman. He's like an alien that hasn't read the entire manual. You know, he's going, "Nice to be in a place where the trees are the right size. -- Robin Williams on Letterman 26 Apr 2012

        by hungrycoyote on Sat Jul 21, 2012 at 05:12:04 PM PDT

        [ Parent ]

    •  as i have a house once worth 80k now worth 20k (2+ / 0-)
      Recommended by:
      hungrycoyote, peptabysmal

      and no buyers, i have very little info on this other than enough to know what i was being spammed was wrong. neighbor lives down street from me. her house worth same (or less).

      Change is inevitable. Change for the better is a full-time job. -- Adlai E. Stevenson

      by marzook on Sat Jul 21, 2012 at 04:51:45 PM PDT

      [ Parent ]

    •  Exactly (0+ / 0-)

      If you bought the house for $250,000 and it's now worth $500,000 then you have a gain of $250,000.

      However, your first $250,000 in gains is exempt..  If you are married and own jointly then that means your first $500,000 in gains would be exempt.

      This only applies if you lived 2+ years out of the last 5 years in the house though.

      However with the way real estate prices have gone down, I HIGHLY doubt anyone in the lower 99% brackets can even afford a house that has seen it's value appreciate $250,000 to $500,000.

      Basically only the very rich will EVER get hit with this tax.

      Also bear in mind that if at any point there was a death in the family or change of ownership the taxable value will change.  For example my father passed away a few years ago.  When my parents purchased the home they paid $18,000 for it.  At the time of his death it was appraised at about 10 times that.  If my mom was to sell it today it would have to sell for over $430,000 for her to pay a dime in taxes as opposed to the $268,000 prior to my dad's passing.

      This is your world These are your people You can live for yourself today Or help build tomorrow for everyone -8.75, -8.00

      by DisNoir36 on Sun Jul 22, 2012 at 05:15:49 AM PDT

      [ Parent ]

  •  A relative sent me that email yesterday. (20+ / 0-)

    Here's how I responded:

    Wow! XXXXXX, I didn’t realize your house was worth over half a million dollars more than you paid for it. Congratulations! Sorry you’ll have to pay taxes on only the amount you sell it for that is $500,000 more than you paid for it. Our house is worth less than $100,000 more than we paid for it, so it is extremely unlikely that tax will apply to us. But thank you for your concern.

    So how does this affect the sale of a home?

    Currently, when a person sells a home they have lived in longer than 2 years, they can exclude the first $250,000 of gains.  A couple can exclude the first $500,000 of gains.  For example, if a couple has a $1,000,000 home with $600,000 of gains, they would have to pay the 3.8% tax on only $100,000 of the gain.  Given that very few people are sitting on large gains right now and the majority of home sales (not just gains) are for less than $250,000, this tax will hit truly only a small number of people.

    Taxes and the ACA: Home Sales Killer?

    For me, Mitt reminds me of Jeff Bridges in Starman. He's like an alien that hasn't read the entire manual. You know, he's going, "Nice to be in a place where the trees are the right size. -- Robin Williams on Letterman 26 Apr 2012

    by hungrycoyote on Sat Jul 21, 2012 at 03:58:33 PM PDT

  •  I got the same email (11+ / 0-)

    It was forwarded by a neighbor of mine who is a Democrat and that surprised me so I replied to her with an email of my own.

    She had forwarded it to a number of people and another person also took the time to explain what this is really about.

    At the end of the day she was reassured that this isn't going to affect anyone she knows.

    Honesty pays, but it doesn't seem to pay enough to suit some people. Kin Hubbard

    by Mr Robert on Sat Jul 21, 2012 at 04:12:43 PM PDT

    •  I just wonder how many times (5+ / 0-)
      Recommended by:
      marzook, peptabysmal, Mr Robert, kbman, Val

      people need to see these kinds of things debunked before they don't pay attention to chicken little, sky-is-falling, conservative bs stories anymore.

      48forEastAfrica - Donate to Oxfam "Compassion is the radicalism of our time." ~ Tenzin Gyatso, 14th Dalai Lama -7.88, -6.21

      by Siri on Sat Jul 21, 2012 at 04:58:37 PM PDT

      [ Parent ]

      •  That was the gist of my reply to my cousin (5+ / 0-)

        When he sent me this krap:

        "This is just another disingenuous GOP viral email ...  If the Republican positions are superior, why is it that they always send around these lying emails, trying to deceive people into voting for Republicans for ginned up reasons?

        http://www.politifact.com/...

        And yet, less than two weeks later he was at it again, this time with a long debunked claim that Putin had snubbed Obama, refusing to shake his hand.  An early O'Keefe-style video edit ...  Here's how I replied to that one:

        "This is yet another bogus claim ...  Watch the UNEDITED video.  What speaks volumes is the fact that every single one of these GOP viral emails is some trumped up claim that turns out to be deliberately manipulated to present a false impression.  Pathetic.  If GOP positions are superior why is it that we never actually hear what they propose to do?  Why is it that instead we hear these bogus attacks on issues like Solyndra.  The reason is because GOP policy positions are so extreme that they know they need to run as stealth candidates so they can sneak into office and then do the kind of crap that they are doing in Michigan and Wisconsin - pushing the agenda of ALEC.

        http://www.snopes.com/...

        Free: The Authoritarians - all about those who follow strong leaders.

        by kbman on Sat Jul 21, 2012 at 06:17:17 PM PDT

        [ Parent ]

    •  That's nice she was reassured (3+ / 0-)
      Recommended by:
      Mr Robert, marzook, LeighAnn

      but did she clean up the festering mess she sent out with all that wrong information to all those other people?

      That's what I hate about these viral emails.  They're usually wrong, and the people who send them NEVER own up that they sent out a bunch of misinformation designed to scare people or make them angry.

      In capitalist America, bank robs you!

      by madhaus on Sat Jul 21, 2012 at 05:50:01 PM PDT

      [ Parent ]

    •  I got the email about the fake Medicare (0+ / 0-)

      premium hike.  I did a reply all to the person who sent it to me with the truth and suggested that she do a little research before spreading lies about President Obama.  She had the grace to agree with my point even though she will probably still vote Republican.  At least she should be more on alert for the lies and just maybe she could open her eyes.

      “when Democrats don’t vote, Democrats don’t win.” Alan Grayson

      by ahumbleopinion on Sat Jul 21, 2012 at 09:50:44 PM PDT

      [ Parent ]

  •  Similiar misinformation: (9+ / 0-)

    there's been this picture popping up on facebook.  of a van with words on its side to the effect of "if obamacare is so great, how come it's exempts the president & congress on p. xyz."

    the first couple of times I did nothing.  the 3rd time, I looked the reference up. that page says nothing of the sort (which I didn't think it would; they are already covered under FEHBP).  I commented debunking the quote.  

    pt barnum was right.

    Republicans: if they only had a heart.

    by leu2500 on Sat Jul 21, 2012 at 04:16:33 PM PDT

    •  I use this: (5+ / 0-)
      Recommended by:
      madgranny, marzook, deep, Siri, peptabysmal
      Congress and Congressional staff will only be offered the same insurance offered to people in the insurance exchanges, rather than Federal Insurance. Basically, we won't be footing their health care bills any more than any other American citizen. ( Citation: Page 100, sec. 1312 )
      From Reddit for debunking when I go on debunking sprees on Yahoo and CNN, you can't post links, it'll delete your post. As for the President, the President gets his healthcare through the military, as every other President does. That's a matter of National Security, just like the President not flying commercial.

      "Madness! Total and complete madness! This never would've happened if the humans hadn't started fighting one another!" Londo Mollari

      by FloridaSNMOM on Sat Jul 21, 2012 at 04:40:45 PM PDT

      [ Parent ]

    •  You mean this picture? (5+ / 0-)

      I had one of those Facebook discussions about it too. In fact, I wrote a diary about it three weeks ago:

      Fighting "teh stipud" is turning into a full time job.

      For me, Mitt reminds me of Jeff Bridges in Starman. He's like an alien that hasn't read the entire manual. You know, he's going, "Nice to be in a place where the trees are the right size. -- Robin Williams on Letterman 26 Apr 2012

      by hungrycoyote on Sat Jul 21, 2012 at 06:06:51 PM PDT

      [ Parent ]

  •  I seem to get less of that sh** than before, but (17+ / 0-)

    see it on FB all the time.  The dance goes like this:
    1.  Idiot conservative posts something blatantly false
    2.  I respond with facts contradicting lies
    3.  I.C. responds with either non sequitor or something that amounts to another opinion unsupported by facts
    4.  I respond with more facts
    5.  Step #3 repeats
    6.  I exit with the comment "I present facts, to which you respond with opinions or unsubstantiated assertions.  Let me know when you have some facts to discuss."  And then I quit the exchange.

    The brain can only take so much .....

    •  I'm in the midst of this process w/ an old college (3+ / 0-)

      friend.  He is certain that Obama is a socialist, Fast and Furious is an enormous scandal, Solyndra's loan was killed by the Bush administration and revived because of an Obama contributor, and Fisker is another huge boondoggle in which good taxpayer money is being wasted.

      I've replied with various links telling the real story behind the lies he's heard, and explained that the loan program that both Solyndra and Fisker have used was passed by the GOP and is their way of doing things.  We used to do this kind of stuff in house at DOE, but now it is all privatized - to companies like Solyndra and Fisker.  I also explained that the whole point of the program was to support R&D which has risks involved.  If it weren't without risk the money would be easy to raise on the capital markets.  Now they're whining because one of the risky loans fell through.  

       I'm waiting now to see how he responds to the facts I've just presented.  I thought he had given up the crony-capitalism claims, but arguing with him is sort of like playing whack-a-mole.  If he's losing on a topic it curiously never gets mentioned again, but then some new complaint emerges.  After several comments back and forth he still hasn't addressed Mitt's magical IRA.  But then again, neither has Mitt.

      Free: The Authoritarians - all about those who follow strong leaders.

      by kbman on Sat Jul 21, 2012 at 06:47:01 PM PDT

      [ Parent ]

      •  Whack-a-mole.. Exactly. EOM (1+ / 0-)
        Recommended by:
        kbman
        •  And sure enough ... (0+ / 0-)

          His next post is about how much in taxes the upper 10% pay versus the percentage of income.  AND, his numbers were WAY off.  He was claiming that the top 10% paid 71% of total taxes in 2009 on 43% of total income.  According to the CBO, the top 20%  paid 67.9% on 50.8% of total income.  No wonder he's so resentful, believing bullshit like that.  Unfortunately, the facts don't matter.  Despite presenting the politifact writeup with the actual facts on Solyndra he still maintains that it is a case of crony capitalism favoring Obama donors.

          I told him flat out that this kind of thinking is unhealthy.  He either didn't bother to read the sources provided because they didn't support what he WANTED to believe, or he read it and chose to ignore it for pretty much the same reason.  Meanwhile, he dismisses the FACTS of the matter as simply being someone's VIEW.

          Free: The Authoritarians - all about those who follow strong leaders.

          by kbman on Sat Jul 21, 2012 at 10:14:59 PM PDT

          [ Parent ]

    •  This diary, up right now, might explain it (1+ / 0-)
      Recommended by:
      Denver11

      The Gentleperson's Guide to Forum Spies

      I don't feel that every single person like that in a forum is deliberately causing disruption and confusion ... but I wouldn't be surprised to learn that some are.

      •  I saw that. (0+ / 0-)

        In my case, I think it is just a consequence of the folks not wanting to give up cherished beliefs or in some cases just not wanting to admit that they like being 1%ers and aren't interested in any change that might adversely affect them.

  •  Wasn't there already a capital gains due on (3+ / 0-)
    Recommended by:
    kerplunk, marzook, Sherri in TX

    the sales of a home (with a high exclusion if you live there for a certain time period)?  What is the current tax regulation on that?  Anyone know?  And does this one replace it?  Or is it in addition to it (if there is one)?

    I fall down, I get up, I keep dancing.

    by DamselleFly on Sat Jul 21, 2012 at 04:30:46 PM PDT

    •  good question (1+ / 0-)
      Recommended by:
      marzook

      The Republican Party is Simply a Coalition of Greed and Hate

      by kerplunk on Sat Jul 21, 2012 at 04:51:26 PM PDT

      [ Parent ]

    •  no idea. been in the "can't sell" category for ... (0+ / 0-)

      10 years now. can't give it away. half the houses on my block empty. but thank god those folks aren't paying an obmaacare tax when/if they sell.

      Change is inevitable. Change for the better is a full-time job. -- Adlai E. Stevenson

      by marzook on Sat Jul 21, 2012 at 04:53:16 PM PDT

      [ Parent ]

    •  due on profits from sale of a home (3+ / 0-)
      Recommended by:
      marzook, SingularExistence, celdd

      I think its important to emphasize tax on the profits, not on the amount of the sale.

      And to point out, that if someone EARNS $500,000 per year,(like say, a heart surgeon) they pay a lot more than the 15% capital gains someone pays who happens to buy low and sell high.

    •  Yes, the ACA is capturing the Medicare tax (4+ / 0-)

      that "investors" have been avoiding for years.

      Until the ACA all "unearned income" (like what Mitt Romney makes) was exempt from paying either FICA (Social Security) or Medicare/Medicaid taxes. The ACA treats all unearned income over $250K as earned income and collects 3.8% of that unearned income for Medicare.

      Its just another freeloader tax.

    •  Yes. (1+ / 0-)
      Recommended by:
      marzook

      Gains on sale of a home have always been taxable. (Although various deductions apply, and not of it's taxable if it's rolled into a new home within a certain time period.)

      The tax under discussion is not the standard gains tax, but a Medicare tax that was previously avoided via a loophole.

      "What could BPossibly go wrong??" -RLMiller "God is just pretend." - eru

      by nosleep4u on Sat Jul 21, 2012 at 05:47:18 PM PDT

      [ Parent ]

  •  To Know Your Gain, You Have To Know Your (1+ / 0-)
    Recommended by:
    marzook

    "basis" in your home.  Good luck with keeping track of all the paperwork for decades (potentially).

    The Republican Party is Simply a Coalition of Greed and Hate

    by kerplunk on Sat Jul 21, 2012 at 04:54:50 PM PDT

    •  Often, cities and towns try to record (1+ / 0-)
      Recommended by:
      marzook

      housing sale prices, so the government might have it on file. If not, your area might have a Multiple List Service, which also might have kept those records (though likely not that far back).

      Hillary Clinton's Liberal Ranking http://www.dailykos.com/story/2007/8/10/122232/619

      by tigercourse on Sat Jul 21, 2012 at 05:19:16 PM PDT

      [ Parent ]

    •  Do you have your mortgage paper work? (1+ / 0-)
      Recommended by:
      marzook

      Your deed of sale?

      That's the bulk of the "basis" of your home. If you made improvements (added to the structure, not just maintenance) it can get a bit more complicated, but for most people that's not an issue.

  •  Here in Fairfield County the median home price is (2+ / 0-)
    Recommended by:
    marzook, peptabysmal

    about half a million, but you still have have to have that much in appreciation plus the income level to be affected. It won't effect alot of people, but I could see it pissing off the few that it does.

    Of course you have to get a half million in profit before you pay anything....

    Those who are complaining??? Pobrecitos....

    The modern conservative is engaged in one of man's oldest exercises in moral philosophy;the search for a superior moral justification for selfishness

    by CTMET on Sat Jul 21, 2012 at 04:56:14 PM PDT

    •  the person forwarding this... (0+ / 0-)

      is a retired senior in a paid for house worth 25k thanks to the balloon bust. no one she knows is in the 250-500k profit category, or even in the 250-500 value/sale price category, had that been the case.

      Change is inevitable. Change for the better is a full-time job. -- Adlai E. Stevenson

      by marzook on Sat Jul 21, 2012 at 05:03:25 PM PDT

      [ Parent ]

    •  Here in Fairfield County (1+ / 0-)
      Recommended by:
      FloridaSNMOM

      the median home price is MUCH higher than half a million in many cities and towns.  Depending on the town it could well be $1.5 million.  That's ONE AND A HALF MILLION.

      The median household income in Fairfield County is above $100k a year.

      Basically you're talking about the top 5%ers in many cases.  

      Even then you'd still have to make a profit of $250,000-$500,000 on the sale of your home.  Unless you were lucky and bought your home in the 90's or prior to the mid to late 80's, chances are you won't see those kinds of gains and if you do it's because your  house sold for a few million.

      The Median sale price in Wilton for example is, I believe at or over $700,000.  Well prices in Wilton are where they were in 2002-2003.  That means if you bought your house in the last 10 years in Wilton, chances are you will not have any gains, let alone $250,000-$500,000 to get taxed on.

      It won't affect anyone other than people who stayed in their homes for 30 years and never did anything to it and now have a house worth say $600,000 when they bought it 30 years ago for $30,000.  Even then they'd only pay taxes on $70,000 ($600,000-$30,000 original purchase price-$500,000 exemption for couple).  The conveyance taxes on that sale is more than what you pay as a result of this.  Peter Schiff may pay a hefty tax since he basically stole his multi million $ house a few years ago after the crash of 08.  However prices in Weston are in the shitter so he STILL would not likely pay a tax on the sale.  

      This is your world These are your people You can live for yourself today Or help build tomorrow for everyone -8.75, -8.00

      by DisNoir36 on Sun Jul 22, 2012 at 05:31:59 AM PDT

      [ Parent ]

      •  Yeah I know about Fairfield county town by town. (0+ / 0-)

        My town is above that half million mark too. Thats why we have so many republicans around here.

        The modern conservative is engaged in one of man's oldest exercises in moral philosophy;the search for a superior moral justification for selfishness

        by CTMET on Sun Jul 22, 2012 at 06:27:18 AM PDT

        [ Parent ]

        •  Kinda sickening isn't it? (1+ / 0-)
          Recommended by:
          CTMET

          The republicans I don't mind so much.  It's the teabaggers that drive me fucking nuts.  The odd screwball who rails about Obama and the taxes and creeping socialism while doing a title search in a public building, accessing public records.   or the teabaggers who bitch about the deficit and the gov't spending while getting a new geothermal system installed in their 6,000 sf mansion, part of which is subsidized by the gov't.

          Even with the wealth though I haven't come across many people who would qualify for that tax and I work in real estate.

          This is your world These are your people You can live for yourself today Or help build tomorrow for everyone -8.75, -8.00

          by DisNoir36 on Sun Jul 22, 2012 at 09:26:11 AM PDT

          [ Parent ]

  •  Repub. partner has been shoving this in my face (2+ / 0-)
    Recommended by:
    marzook, shenderson

    for a while, it is very good to have the details, he is always just full of rw bologna talking points!

    Please donate to Okiciyap food pantry. . If love could have saved you, you would have lived forever.

    by weck on Sat Jul 21, 2012 at 06:17:12 PM PDT

  •  Don't HOPE she'll send it back… (0+ / 0-)

    ASK her to!

    I always make it a point to respond to those things with sourced facts and links and make sure I use Reply All.

    My father sent this same note to me and, of course, it had about 12 FWD: levels in the text. I could see several people I knew as neighbors so I asked him to send my reply to them. He said he would, at least one of whom was a real estate agent.

  •  Ugh I just dealt with this, too (0+ / 0-)

    These are a couple of really good sources to understand and be able to discuss it with people.  Given the way MAGI is calculated it can be difficult to discuss without actual figures for a person's particular situation.  That's partly why the disinformation is so intractable.  There are also good examples using numbers on these, which I think are helpful:

    http://www.moaablogs.org/...
    and
    http://www.realtor.org/...
    Basically,

    Mathematically, the tax is:
    Tax = 3.8%×[Lesser of (MAGI − $200,000 for singles/$250,000 for joint, or Net Investment Income)]
    Delving in for facts and then seeing the propaganda all over RW blogs was a real eye opener.  It was actually on the GOP website for a while back in '10; the link in the email goes to a very sparse blog post which I suspect is the now cleaned up version.
    Bachmann also has been known to spread it.

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