No Tax on Home Sales Act
“Wait, Did We Just Become Marjorie Taylor Greene Fans?” 😳
A Surprising (and Surprisingly Awesome) New Bill That Could Rock the Real Estate World
Yep, you read that right. We did a double take too. But when we saw the new bill introduced by Congresswoman Marjorie Taylor Greene, we nearly choked on our avocado toast. For once, politics meets practicality—and this time, it could mean serious savings for homeowners across the country. 🏡💸
This isn't a drill, folks. It's a real, live proposal called the "No Tax on Home Sales Act," and it's designed to completely eliminate federal capital gains tax on the sale of your primary residence. That means more money in your pocket when you sell, no matter how much your home's value has appreciated. And honestly? That deserves a standing ovation.
🚀 What the Heck Is the No Tax on Home Sales Act?
Currently, if you sell your primary residence and make a profit, you're allowed to exclude up to $250,000 in gains if you're single, or $500,000 if you're married filing jointly. Great, right?
Well, those exemption limits haven’t changed since 1997. And in case you haven’t noticed, home values have exploded since then. So now, thanks to inflation and a red-hot housing market, many homeowners—even those who aren't wealthy by any means—are getting hit with unexpected capital gains taxes when they sell. 😤
Greene's Bill Wants to:
Abolish capital gains tax on all profits from the sale of a primary residence
Apply to all homeowners (not flippers or investors)
Eliminate the current $250k/$500k cap so every dollar of gain stays in your pocket
Say what you will about Greene, but this bill? It’s 🔥.
🏠 Who Would Benefit (Hint: Probably You)
This isn’t just a win for the ultra-rich. It’s a middle-class miracle.
Let’s say you bought your North County home for $500,000 in 2003. Now it’s worth $1.4 million. Under current rules, a married couple could exclude $500k in gains, but that leaves $400k taxable. Depending on your income bracket, that’s a potential tax bill of $60,000 or more. 😱
With Greene’s bill? That $60k stays in your wallet. That’s college tuition, a retirement boost, or a sweet down payment on your next home.
This also helps downsizers, retirees, long-time owners, and growing families looking to level up. Why should someone be penalized for simply staying put and watching their home appreciate?
It’s About Time the IRS Let Go of Your Equity.
🤝 Why We’re (Temporarily) Joining Team Greene
To be clear, we’re not here to start a political movement. But we are here to advocate for homeowners, real estate sanity, and anything that helps more people move, buy, sell, and build wealth. This bill checks all those boxes.
Here’s What We Love:
🏡 It Promotes Mobility: People stay put because they’re afraid of the tax hit. This bill could unlock inventory, ease housing shortages, and help first-time buyers finally catch a break.
🚫 It Ends Arbitrary Penalties: Why should you be punished for living in California, where home prices skyrocketed? You didn’t set the market—you just happened to buy smart (or at the right time).
🎉 It Feels Fair: Let’s reward long-term homeownership and stability, not discourage it with outdated tax laws.
🌄 It Sparks the Right Debate: Even if this bill doesn’t pass, it raises an important question: Why are we taxing the very thing that makes up most Americans’ net worth?
📊 What Could This Mean for Our Clients?
Home Sellers
You’d keep all of your profits—no math gymnastics required
Selling becomes less stressful
It’s easier to justify a move, upgrade, or relocation
Buyers
More inventory hits the market
Less competition means more negotiating power
Real Estate Agents
More listings, more closings, more happy clients
Sellers aren’t frozen in place anymore
Agents can finally say: “Yes, you really can keep all that money.”
Mortgage Pros (Hey, Compadre Mortgage 🤝)
More loan activity
Refinancing options post-sale
Easier planning for those moving equity into a new home
🤖 Baby General Rovis Weighs In
“WAKE UP YOYOS! This bill might actually help homeowners win for once! And you know we love winning. If you’re sitting on equity like it’s a ticking tax bomb, this could be your ticket to detonation-free freedom. 🚀”
Thanks, General. As always, aggressively adorable.
📅 So... What Happens Next?
The bill was just introduced on July 10, 2025, so it still has a long road ahead. It must:
Survive committee reviews
Pass both the House and the Senate
Dodge a presidential veto
Do we think it’ll be easy? Nope. But we think it should be a conversation starter at every kitchen table and Capitol Hill lunch meeting.
And if it does pass? Watch out—real estate could experience a mini-boom.
📰 The Media Buzz
Major outlets like Realtor.com, Fox, and even CNN are covering this bill. The story’s gone from niche to national almost overnight. If momentum builds, bipartisan versions may follow. If they do? Game. Changed.
🤔 Our (Non-Political) Hot Take
We’re not saying we’re going to start quoting Marjorie Taylor Greene in our listing descriptions (“This 3-bed stunner comes with no capital gains tax thanks to Queen MTG!”), but we are saying this:
If a policy helps homeowners keep their hard-earned wealth, unlock housing supply, and promote financial fairness?
We’re all in.
And if that makes us Greene fans for a day? So be it.
💼 Final Thoughts: What You Should Do Now
Talk to Your CPA
Even though this bill isn’t law yet, now’s a good time to run scenarios.
Get a Home Valuation
Know your equity. Use it wisely. (And hey—we can help with that.)
Stay Informed
Follow updates, and subscribe to our blog. We’ll keep you posted.
Plan Ahead
Thinking of selling in the next 6–12 months? This bill could change your timing strategy.
✨ Bottom Line: Keep More of What You Earn
At Compadre Brokers, we fight for smart, efficient, tech-savvy real estate. This bill aligns with that mission—even if it came from an unexpected source.
So yeah, we’re raising a glass (of sparkling water, obviously) to Marjorie Taylor Greene’s housing tax bill.
Who knew 2025 would be full of surprises?
Let’s keep watching. And if you want to talk strategy? You know where to find us.
✅ Support Homeowners—Support the Home Equity Tax Cut!
If you believe you shouldn't be punished for building equity in your own home, let Washington know.
📞 Call the U.S. Capitol Switchboard: (202) 224-3121
Ask to speak to your House Representative or Senator.
🖊️ Send a Message to Congress
Use this easy link to contact your representatives directly:
👉 https://www.congress.gov/members
Tell them you support H.R. 8261 - The More Homes on the Market Act, and it's time to protect equity, encourage mobility, and keep the American Dream moving.
Read the bill. Track the progress. And let’s get that equity back where it belongs: with you. 💰
➡️ Visit: rorythebroker.com ➡️ Blog Home: compadrebrokers.com/blog ➡️ Questions? Call us. We answer.
This blog post was brought to you by Compadre Brokers — real estate rebels, equity defenders, and sometimes, very surprised fans of legislation.
