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Tuesday, September 4, 2012

Fact 9 : Bob Menendez voted for a tax on the sale of homes


Fact 9 : Sen. Bob Menendez voted to enact a new tax on the sale of homes of 3.8%.

In 2010 Sen. Bob Menendez voted to enact a brand-new tax on the sale of homes. Sen. Bob Menendez voted for this during one of the most horrific housing markets in recent history. When families are struggling to sell their homes, as housing prices plunge Sen. Bob Menendez voted to take even more money from families struggling to sell their homes.

Sale price of home           Cost of new Menendez tax
$200,000                            $7,600
$300,000                            $11,400
$500,000                            $19,000
$700,000                            $26,000



Source : Forbes (7/24/2012) and Senate voting records

5 comments:

  1. An actual citation including the specific law and roll call vote would seem appropriate or a link to the article in Forbes.

    ReplyDelete
    Replies
    1. Here you go.
      http://www.forbes.com/sites/gracemarieturner/2012/07/24/how-much-is-the-obamacare-mandate-going-to-cost-you/

      As for the bill / law : Patient Protection and Affordable Care Act

      Delete
    2. I just went to the article through the link you provided. Here is what is written:

      "The individual mandate tax is only the newest in a long list of new Obamacare taxes, including a new 0.9% surtax on Medicare taxes for those making $200,000 or more ($250,000 joint) plus a new Obamacare 3.8% surtax on “investment income” for those in the same income categories. This added tax affects dividends, interest, rent, capital gains, annuities, home sales, partnerships, etc."

      And from this you take an incredible leap to the chart above? This was a brief summary of the tax and minimal research would have revealed that your formula was waaaaaaay off. Shame on you.

      Delete
  2. Hey @MenendezFacts I'm trying to get in touch with you to talk about this post. I'm working on a fact-check of it. You can reach me at eoneill@starledger.com or 973-392-4018.

    ReplyDelete
  3. Yeah you might have some good information on this site about Menendez. But since this latest article has proven to be an outright lie maybe you should take it down and offer a retraction asap so you might retain a bit of integrity. Politifact shouldn't have to check your facts for you. Man up and do the right thing.

    ReplyDelete