Sell your house no matter your income pay Obamacare 3%
3.8% according to the article. I think that comes under capital gains.
Can’t believe the National Association of Realtors let that one slide through. It’ll kill traditional MLS listings with a full service listing agent. Less money netted from the sale is just great for sellers, too, with prices still depressed in much of the country. I don’t know whether it’s malicious or clueless. I suppose it could be both.
It's not that bad. It's actually 3.8% but it's only on the amount your gains on the home exceed $500,000 or something like that, and even then, only if your taxable income is over $250,000, so it's going to hit a lot fewer people than if it were 3.8% on any gain at any income.