Is there a 3.8 percent house sale tax in the health-care legislation?

dennis-norman-st-louis-realtor-In the past few months I have received dozens of emails being forwarded around the internet warning of a new “3.8 percent real estate tax” or “tax on home sale” coming as a result of Obamacare. Given there seem to be many misconceptions out there about this topic I decided to address it this morning. For starters, there is not a 3.8 percent house sale tax in the health care legislation per se. There is, however, a 3.8 percent on unearned income for high-income individuals and couples that could end up being applied to the sale of one’s home. Continue reading “Is there a 3.8 percent house sale tax in the health-care legislation?