Little-Known Tax Funding Obamacare – My9 New Jersey.
If you are single with an adjusted gross income of $200,000 or file jointly with an income of $250,000 or more, you may be impacted. Once you sell your home, any profits over the first $500,000 are already subject to a capital gains tax. And now those profits will have an additional 3.8% tax to fund Obamacare.
Aioso noted that there is also a lot of confusion surrounding this tax and many homeowners know little about it.
It’s just “the rich”, who gives a damn about them. At least as long as they stay rich and can pay taxes.
