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

To: Jim McMannis who wrote (367292)	1/18/2008 11:27:01 AM
From: Road Walker	Read Replies (1) \| Respond to of 1571798

It all depends when you were homesteaded. Lets say 12 years ago. SOH has you paying a third of current taxes. I homesteaded 15 years ago and people in my hood that bought an equivalent house two years ago are paying about double what I pay. The federal $500k exemption lets you pay no cap gains tax. Likely you have a big one because you've been there 12 years. Yeah... if I could sell it. Everything bad about SOH from a fairness standpoint is made worse. Agree. What they should do is dump SOH and lower the mill rate to generate the same total tax return... spread over everyone. But that is political suicide because in a case like mine you would be raising my taxes 50%. Voters don't take kindly to that.