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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (219014)	2/12/2005 9:20:51 PM
From: Alighieri	Read Replies (1) \| Respond to of 1575174

The cap gain tax break on the sale of you primary residence costs the government $23 billion a year in lost tax revenues. Lay that out over the 7 years it's been in effect and that's a cool $161 billion added to the government deficit. Who signed this tax break? CLINTON! What a dumb cluck of a post...Clinton passed an entire tax package that brough the budget to balance, and you focus on one item out of context. Al

To: Jim McMannis who wrote (219014)	2/13/2005 12:52:53 PM
From: Tenchusatsu	Respond to of 1575174

Jim, But that was already there and supposedly promotes home ownership. In reality it just ups the price of a home. Tell me about it. The previous owners of my current home paid for their new home using only the appreciation that we handed over to them. Or more accurately, the bank handed over to them, which they make up for in higher interest payments from me. (Of course, they moved to Idaho, which is far cheaper than S.Cal.) Of course, if they ever get rid of the homeowner's tax breaks, I'll be one of the many left holding the bag, but oh well, it was my choice to buy such an expensive "cubicle" of a house to begin with. Tenchusatsu

To: Jim McMannis who wrote (219014)	2/14/2005 3:18:44 PM
From: tejek	Read Replies (1) \| Respond to of 1575174

Well here ya go, This is for all the people who complain about Bushes tax cuts and the out of control Bush deficits. The cap gain tax break on the sale of you primary residence costs the government $23 billion a year in lost tax revenues. Lay that out over the 7 years it's been in effect and that's a cool $161 billion added to the government deficit. Who signed this tax break? CLINTON! This pales to the $500 billion shortfall that hikes the deficit over the same period of time. The mortgage interest rate deduction at $73 billion a year. But that was already there and supposedly promotes home ownership. In reality it just ups the price of a home. < How's business? If it weren't for this tax break, there would not be a housing boom in this country right now, the recession would be much, much deeper and you would not be posting on this thread because you would be too busy cold calling to drum up business. Your gratitude is a bit underwhelming. How come you don't bite the Bush hand that feeds you in terms of his tax cuts which are the real culprit of the current budget deficits but you are so eager to do so with the Clinton hand? Partisan politics once again? I thought so. ted