I saw a blurb about this a day or so ago, but thought it was hype. I guess it's not.
The health care bill taxes "profits" from home sales in excess of $250,000 for individuals and $500,000 for married couples. Depending upon where someone lives in the country and when he or she bought the home, that kind of "profit" isn't just confined to "the rich".
The tax also applies to sales of second homes (vacation homes, for example) or for sales of rental homes, with no downside limit on the "profit". That could hurt a lot of people I know.
I wonder how many congressmen knew this was in the bill? Moreover, I wonder who inserted it and why?