Federal Sales Tax on All Real Estate Transactions in 2013 is an Urban Legend

By Ruth Ann Manison   
Posted on Aug 05,2010
It's a myth ... there is no federal sales tax on home sales
An Internet rumor continues to spread false information about a supposed tax on home sales. The erroneous e-mail claims that a provision of the healthcare reform bill passed earlier this year will place a tax on "all real estate transactions" in 2013. Not true.

The e-mail includes a guest editorial in a Spokane newspaper with the false claim. It doesn't, however, mention the corrected information sent to the newspaper the next day from the local association of REALTORS®.

To learn more about this myth, here's the link to FactCheck.org

http://www.factcheck.org/2010/04/a-38-percent-sales-tax-on-your-home/

Post Category: Home Selling, Housing Market, General

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Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
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