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seabeyond

(110,159 posts) Wed Oct 9, 2013, 09:44 PM Oct 2013

can someone explain to me, is there a 2-3% tax on the sale of the house to fund the ACA. UPDATE [View all]

i googled and saw some comments but nothing straight forward. explanation would be appreciated if there is any such thing. and i really wouldnt be opposed. it was brought up by husbands father, who heard from a neighbor..

edit... thank you so much everyone. i was getting piece on google. you all made it so much simpler for me. i knew i would have heard about it on du, if it was straight up what he was saying. i appreciate the answer. thanks.

19 replies

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can someone explain to me, is there a 2-3% tax on the sale of the house to fund the ACA. UPDATE [View all] seabeyond Oct 2013 OP

It's false. Snopes explains: The Velveteen Ocelot Oct 2013 #1

thank you. i told hubby i had not seen it on du. and if it was real, surely i would have. seabeyond Oct 2013 #5

Does he mean the income tax? leftstreet Oct 2013 #2

thank you. i knew it was wrong. nt seabeyond Oct 2013 #8

3.8% of profit over 500000 for primary residence married couple with income over Warren Stupidity Oct 2013 #3

thank you,.... i love du. nt seabeyond Oct 2013 #9

Keep in mind the word "profit". Curmudgeoness Oct 2013 #15

Plenty of people will realize the profit. Warren Stupidity Oct 2013 #17

Good point that this will not affect everyone Curmudgeoness Oct 2013 #19

A couple of links below Tx4obama Oct 2013 #4

thanks tx. du is the best. i am using these links to inform. nt seabeyond Oct 2013 #10

This link explains it pretty well tkmorris Oct 2013 #6

i appreciate it. you all explained it so simply. thanks. nt seabeyond Oct 2013 #12

Snopes: Possible, if you make a lotta bucks. rgbecker Oct 2013 #7

thanks rg. nt seabeyond Oct 2013 #13

The ReichWing Propaganda ministers are working overtime. ErikJ Oct 2013 #11

yes, they are. geeesh. nt seabeyond Oct 2013 #14

A house or The House (of Representatives)? . . . Journeyman Oct 2013 #16

According to Forbes: Loudly Oct 2013 #18