Willy, just when I'm actually starting to listen to what you have to say about the state of the union you have to go and gum up the works with information like this.
Yes apparently there will be an additional 3.8% tax on top of the the capital gains tax on all profit ABOVE $500,000 on a primary home sale for a couple that makes more than $250,000 a year.
So no this is no where near a "sales tax" on every home purchase as your email makes it sound like. It is basically a 3.8% bump in capital gains tax on a primary home sale for couple making more than $250K a year on any profit up and above $500,000.
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1986 V-20
1986 Yamaha 150 HP
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