>for people selling their house for $1m+

The article actually demonstrates how once you subtract the purchase price of the home and the $500k exemption for a couple most home sales wouldn't trigger it anyway.

They gave an example of someone selling a home for over $2m that the tax calculation dropped to $1.2m in taxable income. But since the tax is only for amounts over a million it would only be the $200k that gets taxed at the higher rate and would result in an increased tax bill of $8,000.

So cry me a fucking river that in a situation where you're pocketing $1.2m you have to pay an extra 0.7% in tax on that total amount (yes, zero-point-seven, it is less than a 1% increase in the total tax bill in that situation).