Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (353804)	10/5/2007 2:28:06 PM
From: Road Walker	Read Replies (1) of 1575184

re: Are you saying that if someone bought a house for $400K and then, because of the depressed market, sold it for $300K, the new owners would pay the same amt. of taxes as the prior owner? I hope not.......that's a significant difference from the CA law......plus I am not sure its even legal. No, when the house is sold it re-calibrates. While you own it it's set up so it can't go down.

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