The Conservative Cave
Current Events => General Discussion => Topic started by: Flame on September 28, 2012, 04:24:19 PM
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I had someone tell me that it isn't a straight tax on house sales, but a tax on profit.
This is what she said : What the bill really says that individuals making 200,000 a year (or married couples) making at least 250,000/year, there will be a 3.8% tax on any PROFIT after the first 250,000 PROFIT on your home sale, not a tax on the sale price of your home.
Can anyone point me to official wording of this so I know what's what?
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I had someone tell me that it isn't a straight tax on house sales, but a tax on profit.
This is what she said : What the bill really says that individuals making 200,000 a year (or married couples) making at least 250,000/year, there will be a 3.8% tax on any PROFIT after the first 250,000 PROFIT on your home sale, not a tax on the sale price of your home.
Can anyone point me to official wording of this so I know what's what?
Goggle "housing sale tax health care bill" and take your pick on articles.