It’s a myth: There is no national 4-percent sales tax on home sales

In recent months numerous e-mails have circulated regarding a national transfer tax on home sales. One such e-mail was circulated regarding a "national real estate transfer tax," which would be applied to all home sales in 2011. This information is incorrect. In reality, a 3.8-percent tax would only be applied to certain sales for a small number of high income earners. Most people will not be affected by this tax at all.