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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (171983)7/18/2003 2:45:46 PM
From: Jim McMannis  Read Replies (1) of 1576923
 
RE:"Are you really that uninformed to compare a one time tax break in capital gains that is available to all people who own a house and one that has encouraged considerable reinvestment in R.E. to ones that most favor a minority of the taxpayers and may not encourage squat?"

One time? You can do it every two years or less if you pro-rate.
What it's done Ted is pushed housing prices into a bubble. Not only that it's pushes prices so out of reach of new home buyers and low income people that they now feel hopeless. All for the sake of some rich getting a lot richer.
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