3.8% Investment Tax NOT a Transfer Tax

November 7th, 2012

The 3.8% tax that is part of the healthcare reform bill is NOT a real estate transfer tax. Yes, it IS a tax. BUT it is NOT a transfer tax. What is it? According to the National Association of REALTORS(R) (NAR), it isĀ "a 3.8 percent tax on investment income of upper-income households to help shore [...]