2013 Investment Tax- How it will affect Real Estate...

I have been hearing a lot of people talking about the new Investment Tax that is part of the health care overhaul set to take effect next year, 2013. Based on what I have been reading the tax calculation is complex. It will apply to individuals with an adjusted gross income of $200,000 and couples filing jointly with an adjusted gross income of $250,000 when they realize a gain/profit on the sale of an investment. Visit the link I have provided for an example of how the taxes will effect real estate investments. The National Association of Realtors is working hard to repeal this tax before it takes effect.