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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (35257)	7/13/2005 11:56:57 AM
From: Tradelite	Respond to of 306849

In what way does it make no sense? People in my part of the country are downright angry at being constantly gouged by the taxing authorities, simply because a home has been owned a long time and has increased in value. They don't gripe quite the same way about having to pay tax on stock market gains. That type of investment is intentional, and the outcome is anticipated.

To: Jim McMannis who wrote (35257)	7/13/2005 12:30:13 PM
From: Tradelite	Read Replies (4) \| Respond to of 306849

And now that you got me started on this subject... Seems to me Uncle Sam already gets his share of tax money from homeownership. A person buys a home. Then spends his own time, money and sweat equity maintaining the property. The homeowner also pays income tax on his personal earnings, and uses some of his remaining dollars on the home's roof, furnace, air conditioning, carpet, whatever. The companies which sell him these products pay business and income taxes. The contractors which provide these services also pay business and income taxes. How many tax dollars does Uncle Sam deserve vs. how much the owner gets when the home is sold?