Kirk's Market Thoughts Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts

COHR 134.64

+4.6%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

Investor2

To: John Koligman who wrote (14552)	10/1/2022 1:35:18 AM
From: Kirk ©	1 Recommendation of 26419

Thanks but what they don't tell you is that great CA appreciation means long term owners are hit with 13.3% CA taxes on the gain when we sell and it may go up more this year... plus the capital gains are hit with Obummercare taxes and medicare taxes in addition to Federal capital gains taxes... My guess is Biden will get even more with some of his latest bills... So all told you can see over 40% of your profits vanish! I know a lot of people with kids who've long gone and sometimes just a widow or widower left in 4b/2b & 5b/3b homes that can't afford to sell and buy a smaller home in the same city as the taxes take too much! We'd probably free up a lot of real estate for families if we could "age out" and skip the capital gains taxes after 20 years of ownership once per lifetime... but they'd rather punish us for being successful and investing well.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next