[Stayfree]

To be hit by the 3.8 percent capital gains tax, you first have to be a married couple making more than $250,000 in adjusted gross income or $200,000 if you are single. The capital gain on the home sale must also exceed $500,000 if this is a primary home and you are a married couple ($250,000 for singles).

[Stayfree]

I could not find that this has already been posted, but if this has previously been posted, I apologize.

[E. Pluribus Unum]

My liberal friends tell me not to worry about it, it's only for rich people with real expensive houses.

Of course, that's also what they said about the Alternative Minimum Tax.

[himno hero]

Will they refund losses out of equity? Or is this a one way tax grab? Its great to assume there is a ever upwards spiral in pricing, excepting one thing they are taxing on inflation, thereby reducing the real value of the home owner’s equity.

Lets see how they feel about capital losses... America should get a huge refund from the Obama government!

Worst part? the capital losses are not done!

[edcoil]

They call it a profit tax to stop people from flipping homes.

Actually it is our corrupt government getting a piece of the action.

[Opinionated Blowhard]

This is part of a larger problem. Of course Obamacare is going to tax your house sale. Socialism needs money to keep going. Its a giant Ponzi scheme. It will take and take and take all it can. It will tax everything.

[libertarian27]

It’s a new 3.8% tax on rental income too.

Many rental owners will hit the income threshold to get the 3.8% new tax....how many of them do you think will be able or willing to absorb that expense? Rent’s going Up.

[hauerf]

Wow! There’s a ton of weasel wording in this blog.

[screaminsunshine]

Unless stopped Obama would eventually have a 100% tax on 100% of everything.

[Freedom4US]

Exactly how most new taxes are enacted - firstly on the “rich” folks - so who cares. Sooner rather than later they will ratchet down threshold to include anyone and everyone.

Notice the real question isn’t even addressed, namely whether taxing anybodies house to pay for indigent healthcare is even remotely lawful.

[The Great RJ]

However would the 3.8% tax on “unearned income” apply to the sale of a business or inheritance? I could easily see that the inheritance of a large farm or ranch might meet the parameters and could trigger double taxation if this “excise tax” is imposed on top of the death tax reinstated by Obama.