BREAKING: Trump Floats Game-Changing Plan to Axe Capital Gains Tax on Home Sales
Real estate mogul-turned-politician drops bombshell proposal that could reshape housing markets—and line investors' pockets.
The Trump Tax Shakeup
No more IRS claws on your property profits? The former president's trial balloon sends shockwaves through suburban America.
Wall Street vs. Main Street
While homeowners cheer, critics warn the move could turbocharge wealth inequality—turning housing into just another playground for the 1%. (Because what's another asset bubble between friends?)
The Fine Print
Details remain scarce, but one thing's clear: in Trump's America, your home isn't just a castle—it's a tax-free ATM.
President Trump says he is considering eliminating capital gains tax on houses.
— Watcher.Guru (@WatcherGuru) July 22, 2025
Capital gains tax is a tax on the profit you make from selling a capital asset, such as investments like stocks, bonds, or real estate. This tax is levied when you sell the asset for more than its cost basis. According to the IRS, the current rates are 0%, 15% or 20%, depending on taxable income and filing status. However, Trump appears adament that he wants to remove all of the Capital gains taxes, but must see more Fed interest rate cuts to do so. Under current law, filers can exclude as much as $250,000 from taxable income on capital gains made on primary homes.
About 13 million households—or 15% of homeowners—potentially exceed the cap, according to a study commissioned by the National Association of Realtors.
US House Representative Marjorie Taylor Greene recently proposed the “No Tax on Home Sales Act.” The bill proposes eliminating federal capital gains taxes on the sale of primary residences to provide relief to homeowners. While the bill sounds promising for homeowners, it could prove dangerous for future federal tax revenue and exacerbate house affordability issues for medium and lower-income households.
Trump’s tax plan has stirred plenty of controversy among government officials and citizens, particularly around the “Big Beautiful Bill.” This comprehensive US tax reform impact makes the 2017 tax cuts permanent while also introducing new exemptions. The elimination of capital gains taxes on houses WOULD be the latest in Trump fulfilling those campaign promises of tax cuts for those making the most in the United States.
