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Politics : Politics for Pros- moderated
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To: Elroy who wrote (360738)4/22/2010 9:59:03 AM
From: Alan Smithee1 Recommendation  Read Replies (2) of 793843
 
There was something about a 3.6% increase in the capital gains tax for those making over $250k. The top long term rate was going to rise to 20% when the Bush tax cuts expire next year, and then on top of that there was an additional 3.6% due to the health care legislation for earners above $250k.


Believe me, the guy who sold this property does not make above $250k per year. I'd be surprised if he makes 15% of that amount.
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