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there is a kernel of truth to this

The tax is on unearned income. This would include capital gains on a house (sale price minus purchase price minus improvements).

This is not the same as a sales tax on the entire selling price, so your numbers are all wrong.

It applies to "wealthy" earners, individuals making over 200K, married couples making over 250K.

It's a new tax for sure, so you've got that part right. I personally don't find it SICKENING. It seems like an OK idea to start bringing Medicare into a solvent state to serve the large group of aging baby boomers.


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