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To: JayGalt

This is a screwball proposal..

Let’s say you bought your house 10 years ago for $300k. Today you could sell it for $330k. So I am going to have to pay taxes on the $30k in a single year as ordinary income based on my salary + $30k ?


30 posted on 11/15/2019 11:49:25 AM PST by Ouderkirk (Life is about ass, you're either covering, hauling, laughing, kicking, kissing, or behaving like one)
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To: Ouderkirk

Yes, and the next year if the house appreciates further you owe tax on another 30K. Who could afford to own a house.

The woman is an abysmally ignorant, intellectually challenged socialist who likes to talk.


56 posted on 11/15/2019 12:32:13 PM PST by JayGalt (You can't teach a donkey how to tap dance. Nemo me impune lacessit!)
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