My folks sold the house I grew up in which provided a large chunk of their retirement. Statistically they had a hell of a year but that was the culmination of a lot of years and sweat. It was basically a once in a lifetime thing. These politicians that want to take a large part of that to “equalize” income with someone who never worked a day in their life make me want to scream.
Cap gains realized from selling your primary residence are tax exempt up to $250K, $500K married filing jointly - Taxpayer Relief Act of 1997