The Patriot Post® · New O'Care Tax

Now that we’ve passed ObamaCare and can find out what’s in it, say hello to a new tax unbeknown to most “wealthy” homeowners who are considering selling their homes. According to reporter Ronica Clearly, “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.”