Follow up to this morning's post ("my take on taxing home sales")

The email message I included in this morning’s column suggested that anyone selling a home would pay a 3.8% tax on the entire proceeds. That would be factually incorrect. To the extent one would suffer the tax is subject to several parameters. Here’s an excerpt from factcheck.org on the subject (btw I see where both sides of the aisle have accused factcheck of playing politics. I think we’re safe on this one – the facts appear to leave little room for partisanship):

“The truth is that only a tiny percentage of home sellers will pay the tax. First of all, only those with incomes over $200,000 a year ($250,000 for married couples filing jointly) will be subject to it. And even for those who have such high incomes, the tax still won

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