[riri]

Correct me if wrong but my understanding is that it is on capital gains over a certain thresh hold: $250k or something close to that.

Still bad enough. It'll really hit retirees who seek to downsize or sell a home they've long since paid for.

[oh8eleven]

Correct me if wrong ...
No, you're probably right and I say probably because I don't know if the proposed legislation eliminates or decrease that threshold.
Anyway, I'm SURE as long as it's only the "rich" getting boned, it'll NEVER happen to little ole' me.

[ConjunctionJunction]

Correct me if wrong but my understanding is that it is on capital gains over a certain thresh hold: $250k or something close to that.

That's my understanding, too.