But you might want to consult (a real) one if you’re a Greenwich homeowner trying to decide whether to sell this year or next. Apparently one of those details in the Pelosi “you have to pass it to know what’s in it” Obamacare bill is a 3.8% hike on capital gains. That’s not a tax on the middle class, of course, because only the rich pay capital gains, but if you aren’t feeling as generous as the Democrats want you to feel, maybe sell this year?
It really is happening.
Until this week, investors were waiting to see what the Supreme Court would do about the 3.8 percentage-point surtax on investment income, part of President Obama’s health-care overhaul. The Internal Revenue Service hasn’t yet released guidance on the new tax.
So when the court affirmed the law on Thursday, investors—and tax advisers—started scrambling.