A little known fact of the Obamacare Law (among many other unpleasant surprises in the fine print you can be sure) is a 3.8% tax to be imposed when you sell your home--most people's greatest or only asset. 3.8% to Uncle Sam right off the bat. So how will that tax impact those who are involved in distress sales, who are underwater on their homes?
http://online.wsj.com/article/SB10001424052748704113504575264513748386610.html
http://online.wsj.com/article/SB10001424052748704113504575264513748386610.html
Your link is to a Laffer opinion piece that does not discuss the 3.8% tax that reference.
Can you please provide a link to support your claim.