Originally Posted by waynet

Again a gross misrepresentation of the facts by a G.O.P. website. This according to Snopes and Factcheck.....The first $250,000 in profit from the sale of a personnal residence will not be taxed or the first $500,000 in the case of a married couple. In other words a couple who sold their home would only be subject to the 3.8% tax if they made a profit of at least $500,000 and the tax would only apply to the portion of that profit in excess of $500,000. This is quite a bit different than the claims made by the original post.