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?