NEW 3.8% OBAMACARE TAX DISTORTING MARKETS

Aug 16, 2012
Fox Business

If you sell an asset after January 1, 2013 you will pay a 3.8% surcharge on top of Capital Gains taxes. Bob Knakal of Massey Knakal Reality Services tells Fox News this new tax affects all, not just the rich. For example, if you sold a $50,000 home you will pay both regular Capital Gains Tax PLUS an additional 3.8% surcharge to cover the costs of Obamacare. Smart investors are selling real estate and going for gold.

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