“I can make a firm pledge.  Under my plan, no family making less than $250,000 a year will see any form of tax increase.  Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes,” President Obama, September 12, 2008

Beginning January 1, 2013, ObamaCare imposes a 3.8% Medicare tax on unearned  income of “high-income”  taxpayers which could apply to proceeds from the sale  of single family homes, townhouses, co-ops, condominiums, and even rental  income, depending on your individual circumstances and any capital gains tax  exclusions.  Importantly, the “high income” thresholds are not indexed for  inflation so will reach increasing numbers of middle-class taxpayers over time.

In February 2010, 5.02 million homes were sold,  according to the National Association of Realtors (NAR).  On any given day, the  sale of a house, townhome, condominium, co-op, or income from a rental property  could slam middle-income families with a new tax they can’t  afford.

This new ObamaCare tax is the first time the  government will apply a 3.8 percent tax on unearned income.  This new tax on  home sales and unearned income and other Medicare taxes raise taxes more than  $210 billion to pay for ObamaCare.   The National Association of Realtors called  this new Medicare tax on unearned income “destructive” and “ill-advised” and  warned it would hurt job creation.