No, with very few exceptions. The first $250,000 in profit from the sale of a personal residence wont be taxed, or the first $500,000 in the case of a married couple. The tax falls on relatively few those with high incomes from other sources.
This is a TAX ON THE MIDDLECLASS you Obamarrhoidal LIEbturd Twit !!!
Seldom will you get a MIDDLECLASS person NOT LIVING in a house between $250,000 and $750,000.....maybe even $1 million.
It's not the value of the home, but the amount of the profit. A couple would have to sell their million dollar home for 1.5 to have to pay anything.