[Libloather]

It's only the beginning. This can be modified - up.

[Attention Surplus Disorder]

"As part of the health-care bill, Congress voted to add a 3.8 percent tax on investment income over $250,000. That would include investment income made from the sale of a primary residence, but with the following qualifications: In any sale of a primary residence, the first $250,000 (for those filing as individuals) or $500,000 (for married couples filing as such) is excluded from the additional tax; and, as Factcheck.org put it, “Only those with incomes over $200,000 a year ($250,000 for married couples filing jointly) will be subject” to the tax."

What's entirely unclear from the wording of the given reply is...what is income?

Is it the gain, or is it the gross proceeds?

Suppose a couple bought a home for $750K and now (under this new assessment) sells it for $550K? Do they now owe .038* $50,000 = $1900? Or, do they have no gain?

[econjack]

There’s a tiny kernel of truth to this story but not much else.

WTF?? Since when is 3.8% of anything unimportant. Tell you what...let some politician sell his $1 million home and send me the check for $38,000 and see how trivial they think it is.

[yawningotter]

Great. The writer cites factcheck.org as an authoritative source.

[originalbuckeye]

Why is anything unrelated to Healthcare in the ‘Healthcare’ Bill??? Never mind. I know it was just legislation that made Leftists dreams from the last 70 years come true. I hope the American people now see that Leftists are dangerous when they have absolute power. It will take decades to undo all the destruction to our American Way of Life that the ‘Progressives’ have managed to legislate in just two short years.

[Eepsy]

Yeah, and the AMT affected less than 200 tax filers when it was introduced in 1969....

[GailA]

btt