3.8% tax on real estate to fund Obama Care

[Robert Adams]

What are your thoughts on this? It is supposed to take start 2013.

You think this will actually go into effect?

[Jon Holdman]

There are many, many, many ways our government spends money that I don't agree with. And many, many, many ways out government skips collecting money (i.e., tax breaks of various sorts) that I also don't agree with.

But I dislike even more how something like this is extracted out of context and spun into something it absolutely is not. And those spinmeisters who create a lie by presenting this as something its not are far more dangerous and disruptive to our country than misspent taxes and misapplied tax credits. Because many people will hear "3.8% tax on real estate" and make a decision based on thinking they're going to have to pay a 3.8% tax on the sales price directly to fund obamacare when they buy or sell. Unlike you, me, and J Scott, they won't bother digging deeper. They will believe the spin, and incorrectly be angry about something that doesn't actually exist. Which is exactly what these spinmeisters want.