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Heres how it would play out, according to Snopes.com, a well-respected nonpartisan website that confirms or debunks rumors and urban legends: If a couple with a combined income of over $250,000 wanted to scale back by selling their $2 million residence, and they made a $750,000 profit on the sale, they would have to pay an additional 3.8 percent tax on $250,000 (the $750,000 profit minus the $500,000 capital gains threshold), for a total health care law tax of $9,500 over and above the normal capital gains levy.
The national median existing-home price for all housing types was $170,700 in March, according to the National Association of Realtors. And because Internal Revenue Service figures show that less than 2 percent of all tax-paying households have incomes of $250,000 or more, most of us wont be subject to the 3.8 percent tax.
Fact check: Investment income tax only affects 'high earners? | jacksonville.com
Why you gotta be bringin' facts to this mindless rant?