Contrary to what viral emails claim, there’s no 3.8 percent “sales tax” on homes in the federal health care law. The investment tax will affect few high-income earners. See our […]
3.8 percent tax
In episode 8 of the FactCheck Radio podcast, we look at a false and misleading ad attacking GOP candidate Meg Whitman in the California gubernatorial race, and we debunk more […]
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.