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Beverly Moran, Professor Emerita of Law, Vanderbilt University

Ending taxes on home sales would benefit the wealthiest households most – part of a larger pattern in Trump tax plans

United States Donald Trump

Not long after U.S. housing prices reached a record high this summer – the median existing home went for US$435,000 in June – President Donald Trump said that he was considering a plan to make home sales tax-free.

Supporters of the idea, introduced by U.S. Rep. Marjorie Taylor Greene as the No Tax on Home Sales Act in July, say it would benefit working families by eliminating all taxes on the sales of family homes.

But most Americans who sell their homes already do so tax-free. And the households that would gain most under Trump’s proposals are those with the most valuable real estate.

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