Scott has caught a very interesting — and disturbing — item in Gov. Deval Patrick’s proposed tax package: A plan to eliminate current home-sale exemptions and simply slap on a 6.25 percent sales tax on the gains on any sale of a house in Massachusetts.
We’re talking big bucks, folks, adding potentially thousands of extra dollars that sellers would owe after the sale of their home or condo.
As Scott notes, some have quietly nick-named Patrick “Gov. Devalue.”
Besides the added costs, this is a poorly timed idea, considering the housing market is only now beginning to recover in prices.
File under: Devalue