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

[tkmorris]

6. This link explains it pretty well

Especially the bit starting with paragraph 3.

http://www.t-mlaw.com/articles/3-8-sales-tax-on-home-sales-beginning-2013/

What it comes down to is that unless you sell your home for a profit of $250,000 or more (sale price minus what you originally paid for it) the tax doesn't apply, and if you lived in it for any substantial time prior to it's sale that profit amount rises to $500,000 before the tax is applied. Even then, the tax only applies to the amount in excess of the limits above.

In short this will not matter to hardly anyone but the reasonably wealthy.