Obama Home Sale Tax

The new Obama Healtcare Act that will take effect in 2013 could impact how you sell a house in Louisville, Kentucky. 

Louisville home sales could have seller's feeling an additional pinch when they could be taxed an additional 3.8% on top whatever capital gains tax they are liable for.  Obamacare enthusiasts have talked down the widespread impact by focusing on the limited number of people that are effected by this additional tax.  However, it has to be agreed that the housing market is driving the economic recovery train and anything that is combating this recovery can not be spun to make it a good idea.

An additional consideration is that the starting date is after the election.  This has to be used to an advantage to prevent this from happening.  As it is, most Americans will not realize what is coming until it is already here.

Homeowners in Louisville need to be aware of what impact their nestegg.