Unaffected by tax

November 7, 2012 


Jack Davis (Letters, Nov. 2) slams the Affordable Health Care Act, and writes: "3.8 percent sales tax can be collected on the sale of your house."

Even the general public now misstates the truth during election season. What the law says is that married couples will be taxed 3.8 percent on the gain above $500,000 from the sale of their home and only if they have an adjusted gross income over $250,000.

How many people does that include, particularly in today's housing market? I can't show the percentage of Americans affected -- it would take too many zeroes after the decimal point.

Next time I make over $250,000 and I sell a house with more than a $500,000 gain, I will personally send Jack Davis 3.8 percent of the gain.

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