A Project of The Annenberg Public Policy Center

Viral Claims, Part I

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 April 30 Ask FactCheck — “Realtors, the 3.8% ‘Sales Tax’ and $247 Medicare Premiums” — for more.

California Governor’s Race, and More on Health Care

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 claims about the health care law.
(Click the play button below to listen to the podcast. Or subscribe to the podcast on iTunes.)

 
For more on the stories discussed in this episode see:
California Dreaming  April 15
More Malarkey About Health Care  April 19

A 3.8 Percent “Sales Tax” on Your Home?

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.