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To: Zakeet
They are going to probably have to deal with taxes on everything above 1.4 million of that.

If they get their 28 million for the home she paid 600k for they could find themselves owing 11 plus milliosn in taxes for the sale.
Government never earned this money, but some person here for 30 years who doesn't yet speak English will surely benefit from their loss, along with government unions.

IMO sickening!

PS: Won't sell for more than 13-21 million IMO.

13 posted on 01/26/2011 7:34:14 AM PST by A CA Guy ( God Bless America, God bless and keep safe our fighting men and women.)
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To: A CA Guy

Indeed. But what about one time sale of primary residence? Am I hallucinating?


27 posted on 01/26/2011 8:10:25 AM PST by LadyShires
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