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Understanding the 3.8% Tax from the Health Care Bill

Posted by Cindy Knight on Monday, October 22nd, 2012 at 12:15pm.

As REALTORS®, Ed and I are used to fielding all types of questions about real estate, whether it's by phone or at some type of event or gathering. But we're kind of surprised no one has called or asked us directly about the 3.8% real estate tax regarding the health care bill. We've received emails, seen people post on facebook, and heard people talking about it but all with the wrong information.

Now I'll be the first to admit I'm not a fan of the health care bill and it scares me to death that this 2,733 page bill was passed by one party. However, when it comes to parts of the bill that effect my business I went right to the source the National Association of REALTORS®. The video below explain the 3.8% tax and who and how it will effect sellers.

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