Ruth Ann Manison


Prince Properties, LLC

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

By Ruth Ann Manison    Aug 05,2010    Ruth Ann on Real Estate
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/

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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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