Capital gains on the sale of a new home?

[forgop]

Originally Posted by Blueface

Folks,
A new sales tax has been created for home sales.
This tax is built into the health care bill recently passed.
It has nothing to do with the amount of the home but rather your income.
Here is the excerpt:
unveiled today includes a 3.8% Medicare tax on investment income (interest, dividends, capital gains, annuities, rents) earned by those with incomes in excess of $200,000 (single) and $250,000 (joint).

While I don't have to be concerned with that, some do.
Now......does anyone really think it wasn't important to read all those pages?
Let's all give a shout out thank you.

Considering my wife and I are unemployed, our income won't factor into the equation. The primary concern for me is to "sandbag" any capital gains in order to ensure I stay well below the EIC credit and so I can extend my 99 weeks of unemployment through until I'm out of college in May 2012. I haven't filed for a single week in 2010 yet.