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    3. Is it true that if I don't get my house dold this yr. I will have to pay something like 3.8% taxes on the sale price? Where is this, in O'bama's health plan to make more of us sick? TEAORCOFFEE
    Is it true that if I don't get my house dold this yr. I will have to pay something like 3.8% taxes on the sale price? Where is this, in O'bama's health plan to make more of us sick? TEAORCOFFEE

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    0  Views: 232 Answers: 1 Posted: 14 years ago
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      Unless you are ultra rich, it will not affect you. 


      The first $250,000 in profit from the sale of a personal residence won’t 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. 


      See more here >> http://factcheck.org/2010/04/a-38-percent-sales-tax-on-your-home/ 



      14 years ago. Rating: 4
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