Tax Rumors

/Tag:Tax Rumors

Will 3.8% Medicare Tax Be Imposed on Home Sales?

By | February 10th, 2011|Categories: Potpourri of Tax Topics|Tags: , |

An e-mail is making the rounds, stating:  "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."   Is this true?  The answer is yes, but only for people with incomes above $200,000 and who sell their home for a gain [...]

Will My Health Insurance Be Taxed?

By | June 27th, 2010|Categories: Potpourri of Tax Topics|Tags: , |

I saw one of my clients yesterday, and he asked me whether the rumor is true that the government is going to start taxing people on health insurance provided by their employers. The answer to that question is, NO. My client is right that there is a rumor going around about this, including one of those [...]