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Trump Proposes Ending Capital Gains Tax on Home Sales
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Subscribe06 AUG 2025 / ACCOUNTING & TAXES
A proposal to eliminate capital gains tax on primary home sales backed by Rep. Marjorie Taylor Greene dubbed the "No Tax on Home Sales Act" is causing ripples in California. Although the move could potentially unlock billions in dormant equity, it's largely seen as a policy set to disproportionately benefit California's wealthiest homeowners — contributing to the widening wealth gap and putting statewide finances such as education, healthcare, and social programs at risk.
Malibu sunsets, Silicon Valley stunners, and Hollywood Hills hideaways. Now, picture Uncle Sam waving away capital gains taxes on these golden-ticket homes. That’s the hot-button proposal echoing through Capitol Hill and making waves across California:&nb...
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