Health Care Bill includes Real Estate Tax - Huh?

According to Frank Garay and Brian Stephens of Think Big Work Small, the new health care bill could possibly add a capital gains tax for those selling their homes in the future.  If you are single and make over $200,000 per year or a married couple making over $250,000 per year, you could be facing a tax of 3.8% if the sale proceeds (of your primary residence) top the normal and pre-existing exemptions in Capital Gains!  Home sellers in this income bracket should consult their tax professisonal for details.  To view the TBWS Daily video, CLICK HERE.