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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (53509)7/17/2006 10:13:09 PM
From: Jim McMannis  Read Replies (1) | Respond to of 116555
 
So do you think they should eliminate the "up to 500k tax free gain on the sale of a primary residence"?

Prolly bring in another 50 billion (or would have).

Perhaps they will eliminate it in lieu of allowing a capital loss on the sale of a house.



To: mishedlo who wrote (53509)7/18/2006 8:03:01 AM
From: Think4Yourself  Respond to of 116555
 
If congress does eliminate the mortgage deduction and real estate deductions I will be living in a cardboard box for awhile. I'll have sold everything to short the homebuilders.


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