Is there anything in Obama's health care bill about real estate?

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1207048

2026-07-21 22:40

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There are rumors that you be charged sales tax when you sell your personal residence. This is a incorrect misleading rumor..... there will be a tax assessed on any non-exempt portion of the gain from the sale of your personal residence. This means that if you're married and lets say you bought your house for $100,000 and sell if for $150,000 there will be no tax assessed because you're allowed to exclude from income a gain of up to $500,000 from income if married. Let's say you sell the same house for $650,000.... that would result in a $550,000 gain which means the Obama health care tax will be on $50,000 which is the amount of the gain included in your income.

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