posted on Jul, 14 2012 @ 07:40 PM
the home tax is still up in the air and subject to change.....I stand my ground on Obamacare being a theft.
Over time, however, if the health care reform and the tax code were never changed, more and more home sales would be subject to this tax. That's
because the $200,000 and $250,000 income thresholds in the health care reform bill were not indexed for inflation leading more and more people to
qualify for having to pay the 3.8 percent tax on their investment income (including some home sales). Furthermore, the $500,000/$250,000 primary home
sale exclusion amounts are not indexed for inflation, meaning that over the long-run as home prices grow with inflation, more primary home sales would
be subject to capital gains taxes