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Beginning in year 2013 Obama will access a 39% landlord tax on all income a landlord gets from RENTERS...This does not include federal tax and state taxes on income for the landlord..Thank you democrats this is SOCIALISM AT WORK...
 

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Burk without getting nasty. Can you please tell me where you get all your fact. I understand you don't like Obama. But if the REp.would have have put up a better choiceThey might have one. And before you going saying that voted for Obama your wrong. Did not think Obama or Romney was worth wasting my time.And I'm sure that it was more than just democrats that voted for him. You have your opinion and I have mine. Clinton in 2016 sorry bud that's what I want.
 

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I understand it not your fault. But 59 million people wanted a socialist put in not a democrat..
 

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JMO
this is the first that i have heard anything about this 39% tax , but if its true i would reccomend that those that rent look for a second job immeadately , because the increase will be passed on to the consumer as a rent increase .
 

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Since the House is currently controlled by Republicans...shouldn't we blame them??? The President does not make the law
 

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If your taking about the Medicare tax it is only 3.8% and applies to people with higher income. "If you’re single, you must pay the tax only if your adjusted gross income (AGI) is over $200,000. Married taxpayers filing jointly must have an AGI over $250,000 to be subject to the tax. "
 

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Burk I can't seam to find what your talking about as far as the 39% tax. I found it for the UK but not the USA. Please help me.
 

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The OP is not accurate. There no landlord tax proposed.

What the poster is probably referring to is the expiration of the Bush era income tax cuts, in which case the income tax rates would return to their previous levels.

There was an article about the income tax change on a landlord info website, which apparently led to the mistaken idea that a landlord tax is proposed.

Here is the actual situation. Note the 36 percent figure in there, and what it is actually referring to.

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Allowing the income tax rates for high earners to lapse means that, for married couples, income over $397,000 would be taxed at 39.6 percent instead of the current 35 percent, and that income from $222,300 to $397,000 would be taxed at 36 percent instead of the current 33 percent.
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burk313 said:
Beginning in year 2013 Obama will access a 39% landlord tax on all income a landlord gets from RENTERS...This does not include federal tax and state taxes on income for the landlord..Thank you democrats this is SOCIALISM AT WORK...
Wow!!! I want to thank you! I just dodged a bullet because of your tip! Dumped my income properties! Had to sell at a little loss, but with this impending 39% tax, i'm sure it will be ok. Thanks
 

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I am just so glad the OP was on the money! Shwew!!! After all. We know those lazy libtard's wouldn't take the time to research an article. They would just "drink the koolaid"
 

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Even for Obama, it would be a stupid move that would cause a whole lot of homeless people when landlords started to get rid of their rentals. I do not believe it.
 
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