Letter to the Editor

Sales tax concern

Wednesday, August 8, 2012

I believe that everyone should be aware that in 2013 many home owners will be paying a 3.8 percent sales tax when they sell their home. It doesn't matter whether the seller pays it or the buyer pays it, it will adversely affect housing which is already struggling. By the way, this law is buried as a provision of the Obama health care bill. Whether you support the bill or not, it has no place in a health care bill.

If you do some simple math, the tax is $3,800 for every $100,000 of value in your home. You can do the math on your own home. This is a huge tax.

If you agree, I would encourage you to contact all of your legislators immediately. There is still time to repeal this provision of the health care bill.

Respectfully submitted,

Dennis Lippon

Realtor