There is not a new tax, but the capital gains tax rates are set to change in 2011. Typically, short-term capital gains are taxed at the investor's ordinary income tax rate, Long-term capital gains are taxed at a lower rate than short-term gains. In 2003, this rate was reduced to 15%, and to 5% for individuals in the lowest two income tax brackets. These reduced tax rates are effective through 2010; if they are not extended before that time, they will expire and revert to the rates in effect before 2003, which were generally 20%.
The reduced 15% tax rate on qualified dividends and long term capital gains, previously scheduled to expire in 2008, was extended through 2010 As a result:
In 2008, 2009, and 2010, the tax rate on qualified dividends and long term capital gains is 0% for those in the 10% and 15% income tax brackets. After 2010, dividends will be taxed at the taxpayer's ordinary income tax rate, regardless of his or her tax bracket.
After 2010, the long-term capital gains tax rate will be 20% (10% for taxpayers in the 15% tax bracket).
After 2010, the qualified five-year 18% capital gains rate (8% for taxpayers in the 15% tax bracket) will be reinstated.
But, as was previously pointed out, you only have to worry about Capital Gains when selling your home IF you made more than $250K of gain on your home for an individual and $500K for a married couple. And you are able to deduct the commission you pay a realtor to sell your home when calculating your gain. Hope that helps.