Tweet
Few people will see this tax, but does it really belong buried in the healthcare bill?
A 3.8 Percent “Sales Tax” on Your Home? | FactCheck.org
A 3.8 Percent “Sales Tax” on Your Home?
April 22, 2010
Q: Does the new health care law impose a 3.8 percent tax on profits from selling your home?
A: No, with very few exceptions. The first $250,000 in profit from the sale of a personal residence won’t be taxed, or the first $500,000 in the case of a married couple. The tax falls on relatively few — those with high incomes from other sources.
A 3.8 Percent “Sales Tax” on Your Home? | FactCheck.org
A 3.8 Percent “Sales Tax” on Your Home?
April 22, 2010
Q: Does the new health care law impose a 3.8 percent tax on profits from selling your home?
A: No, with very few exceptions. The first $250,000 in profit from the sale of a personal residence won’t be taxed, or the first $500,000 in the case of a married couple. The tax falls on relatively few — those with high incomes from other sources.