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Top Ten Things You Need to Know About the 3.8% Tax

Ever since health care reform was enacted into law more than two years ago, rumors have been circulating on the Internet and in e-mails that the law contains a 3.8 percent tax on real estate. The National Association of Realtors quickly released material to show that the tax doesn’t target real estate and will in fact affect very few home sales, because it’s a tax that will only affect households that realize a substantial gain on an asset sale, including on a home sale, once other factors are taken into account. Maybe 2 percent of home sellers will be affected.

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