Understanding the real estate tax provision in the healthcare reform bill

A real estate tax provision was included in the health care reform tax bill, but rumors are flying about what it involves and who will be affected. The tax is targeted at upper income taxpayers (who make more than $200,000 a year) who ALSO make a substantial profit on the the sale of their home (more than $500,000 profit).

For an easy to understand article on the provision, go to: http://www.washingtonpost.com/wp-dyn/content/article/2010/07/15/AR2010071506964.html

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