Unaffected by tax

November 7, 2012 

MICHAEL K. BARRETT, Richland

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.

Tri-City Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service