Is it true that Grandma will have to pay a 3.8% tax when she sells her house?

October 14, 2010 at 10:22 am

This rumor is floating around concerning one of the provisions of the recently passed Health Care bill. Grandma will not have to pay a 3.8% tax when she sells her home.  However, the new 3.8% tax does apply to “unearned income” for individuals making $200,000 plus or couples making $250,000.

According to Toby Burke, NAIOP Corporate, “The implications of this new tax as part of the health care bill are still being reviewed.”

Entry filed under: Featured Articles, Public Policy | Government Affairs.

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