3.8% Health Care Tax on Real Estate
Posted by Sara Leicht - SaraSellsSarasota.com on
There has been much discussion and general confusion about a tax on real estate from the new Obama health care law that is scheduled to go into effect this coming year. The following is a list of ten things you need to know about the health care tax on real estate as recently researched and published from NAR - National Association of Realtors®. NAR has prepared a guide "Top Ten Things About the 3,8% Tax". Be advised to check with your tax professional about how this tax effects you.
1) When you add up all of your income from every possible source, and that total is less than $200,000 ($250,000 on a joint tax return), you will NOT be subject to this tax.
2) The 3.8% tax will NEVER be collected as a transfer tax on real estate of any type, so you’ll…
3768 Views, 0 Comments
This past Friday September 21 the beloved "Beggar" the dolphin was found floating in the Intracoastal Waterway near the Albee Road Bridge to Casey Key. Beggar, named for his constant begging for food and attention from boaters for the past 20 years has been a Sarasota icon and a natural tourist attraction for boaters near the Albee Road Bridge. This bottled nose dolphin could be seen daily in the no-wake zone swimming up along side every boat looking for a free hand out. Feeding and petting dolphins is punishable with up to a $100,000 fine and possible up to a year in jail under the Marine Mammal Protection Act.