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Is it true that part of the Health Care Bill states that if you sell your house after 2012 you will pay 3.8 percent of the selling price to the government?
Wiki User
∙ 12y ago
Not on the selling price but on the gain in the property over specified limits. Those are $250k for an individual or $500k for a couple. While those limits may seem high it can have an impact on seniors.
Assume a person bought a home 40 years ago in a major metro like LA, NY or Boston. Even with the downtrun in housing those properties have appreciated a lot. The person(s) retire and get hit with an additional tax on their home's increase in value.
Wiki User
∙ 12y ago
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