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.
FULL QUESTION
I received this e-mail:

This should help stimulate the Real Estate market! … Continue reading A 3.8 Percent “Sales Tax” on Your Home?