Arrow-right Camera
Go to e-Edition Sign up for newsletters Customer service
Subscribe now
Opinion >  Letters

Home sales tax clarified

The Spokesman-Review

In his recent guest column regarding the impact of the health care bill, Paul Guppy of the Washington Policy Center claimed that a 3.8 percent tax on all home sales was a part of the recently passed legislation. This is inaccurate and needs to be corrected. The truth about the bill is that if you sell your home for a profit above the capital gains threshold of $250,000 per individual or $500,000 per couple then you would be required to pay the additional 3.8 percent tax on any gain realized over this threshold.

Most people who sell their homes will not be impacted by these new regulations. This is not a new tax on every seller, and that correction needs to be made. This tax is aimed at so-called “high earners” – if you do not fall into that category you will not pay any extra taxes upon the sale of your home.

Sara Orrange Government affairs director

Spokane Association of Realtors


 

Letters policy

The Spokesman-Review invites original letters on topics of public interest. Your letter must adhere to the following rules:

  • No more than 250 words
  • We reserve the right to reject letters that are not factually correct, racist or are written with malice.
  • We cannot accept more than one letter a month from the same writer.
  • With each letter, include your daytime phone number and street address.
  • The Spokesman-Review retains the nonexclusive right to archive and re-publish any material submitted for publication.
Unfortunately, we don’t have space to publish all letters received, nor are we able to acknowledge their receipt.
Click here to learn more.

Submit letters using any of the following:

Our online form

Mail: Letters to the Editor
The Spokesman-Review
999 W. Riverside Ave.
Spokane, WA 99201

Email: editor@spokesman.com
Fax: (509) 459-3815
Questions?: (509) 459-5430