Discussion:More Ministry of Disinformation

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Jump to: navigation, search

Discussion Forum Index --> General Chat --> More Ministry of Disinformation

Death&Taxes (talk|edits) said:

22 September 2010
There is another email going around implying that in 2013 and onward, all sales of residences and other real estate will be subject to a 3.8% Sales Tax.

"Subject: REAL ESTATE SALES TAX TO GO INTO EFFECT 2013 (Part of Obama HealthCare Bill)"

As Snopes notes, this is mostly false. It is part of the Medicare surcharge and affects those with income above 250,000K, and is not on the gross sales price but the profit, just as the law taxes other investments.


Flybynight (talk|edits) said:

22 September 2010
This is just like the estate tax scare tactics that are used to scare the 95+% of Americans, who, despite the existence of a unified credit well in excess of the wealth of the average american at death, believe that they will be subject to the estate tax.

I lean to the right, but I hate it when misinformation like this is put forth just to score political points. Granted, the right would lose the vast majority of the time, as most people would be in favor of a 3.8% sales tax on the amount over the current 500k exemption (MFJ) on gain. Heck, nearly half of all americans don't pay any income taxes for the services that we can all agree on, but perhaps that's a moral hazard for another day.

Death&Taxes (talk|edits) said:

22 September 2010
Can someone edit my title: s/b Disinformation?

It is not a Sales Tax at all, but a surcharge on certain income for people whose incomes exceed certain amounts. The email is an outright scare, like the earlier one about adding employer paid health care to the W-2.

It's certainly fair to question the surcharge itself, but let's not demagogue it.

Flybynight (talk|edits) said:

22 September 2010
Sales tax, surcharge, transaction priviledge tax, gross receipts tax, etc... I don't really have a problem with calling it a sales tax (it is a tax on the sale of a home afterall), so long as people understand that it only affects taxpayers with income in excess of 250k (MFJ) and on gain in excess of 500k (MFJ).

I approve of adding the amount of employer paid health care on the W-2, so that employees understand how much cash compensation they are giving up for their health care (maybe we'll see fewer "cadillac plans" and less people will opt for that 4th MRI), but I completely agree with you about that e-mail scare as well.

It would have been nice to actually have a discussion on what's in the Health Care bill before it passed, that's for sure.

Snowbird (talk|edits) said:

22 September 2010
I think this is great! More scare tactics are necessary! Then maybe some of my clients will come talk to me before they do something dumb that I cannot fix!

Podolin (talk|edits) said:

19 November 2012
This "headline" appeared in an investment newsletter/advertising piece that I received recently. Article's text was fine, but headline is extremely misleading. "New surcharge of 3.8% on investment income to fund Medicare for upper brackets"

Death&Taxes (talk|edits) said:

19 November 2012
Here is another one: http://factcheck.org/2012/11/groups-obamacare-tax-form-evades-facts/

Harry Boscoe (talk|edits) said:

19 November 2012
FBN says "I don't really have a problem ... so long as people understand that it only affects taxpayers with income in excess of 250k (MFJ) and on gain in excess of 500k (MFJ)." [emphasis added]

Well, people *don't* understand that, and the jerkwads who broadcast this misinformation are, to my way of thinking, telling lies for political advantage and should have their tongues .. uh ....

So where are we now? Where is the backlash against this perverse abuse of trusting fools?

Gazoo (talk|edits) said:

19 November 2012
Well, I don't know the tax law like you guys do.

But it seems to me that the Elephant's greatest fear would be the success of Obamacare.

So, if someone is telling untruths, and a citizen discovered that Form X wasn't so bad, and that in fact the whole thing is not so bad...well, that could be bad for the propagandists.

2014 of course the Elephants will have a field day, because there will be one SNAFU after another as they get this thing running.

Look, it's not a great law. It's a messy law. Too many compromises and not a good strong program, but it actually pleased a lot of businesses. They were the ones begging for the insurance companies to be left in the plan so they could get their pound of flesh.

Global warming white lies: that could backfire.

I think it already has backfired on the Elephants.

Obama will take all the guns white lies:

FAIL. It only works if Obama takes all the guns. When Obama took office the first time, many of my clients told me that guns would be gone in a year. Instead, no guns were taken, and the gun shop owners have made out like bandits.

Not a great way to run your propaganda offensive. In good propaganda, you never want to put yourself in a position to get nailed down by facts.

Good propaganda by the Right would be "Un-American". Why that Democrat program is just un-American! What will the liberals do next?

How would one ever know if it was American or un-American? Perfect. This is not original to me, it's been in their playbook for years.  :) Another very effective one they have is "Damn liberbals!" That's still got a lot of life left in it. I can't tell you guys how many times I've been called a damn liberal down here. There's nothing I can do but agree with them. Then they give me that self-congratulatory smirk of theirs. It gets my goat every time.

Fsteincpa (talk|edits) said:

19 November 2012
Harry, we just keep feeding people the facts and ask them to please stop being sheep.

Podolin (talk|edits) said:

20 November 2012
I made a big mistake. All I wanted to do was to point out the poorly written headline, which makes it sound like the 3.8% tax has as its purpose the funding of Medicare for rich folks, whereas they meant to say the 3.8% tax was on rich folks, and its purpose is to fund Medicare. I should have posted in the Vocabulary thread.

Death&Taxes (talk|edits) said:

20 November 2012
Headline writing is so simple: Their terrorists are our freedom fighters.

CrowJD (talk|edits) said:

20 November 2012
Their terrorists are our freedom fighters. There's a ring of truth in that, no doubt.

The word "terrorism" is overused in America too. Everyone is subject to being branded as a terrorist today. It cheapens the word.

I remember a couple of years after we got into the Iraq war, one of our local school board members was accused of being a terrorist for remarks she made at a board meeting. Well, yes, everybody knew she was stupid and she always said stupid things. But a terrorist? I don't think so.

I am beginning to think that the "terrorist" has become the new "communist".

Podolin (talk|edits) said:

25 November 2012
Millionaires' tax rates http://www.cnbc.com/id/49939444

To join in on this discussion, you must first log in.
Personal tools