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

To: Metacomet who wrote (141353)	8/15/2008 5:14:04 PM
From: Jim McMannis	Respond to of 306849

Yeah, I know but it's fun to toy with the "elite" that think it's ok. g

To: Metacomet who wrote (141353)	8/15/2008 5:19:05 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 306849

But it's the same people who were gunning for the $500k cap gains break on the sale of their house that are looking for a government bailout or a short sale. Or better yest, screaming for a bailout.

To: Metacomet who wrote (141353)	8/15/2008 5:24:23 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 306849

Marginally literate folks who are convinced taxes are for other people have driven our country to where it is today. --- Actually we formed this country because of taxes. Were the founding fathers marginally illiterate? The civil war was because of unjust tariffs(taxes) levied on the South by the North. The demise of following the Constitution has more to do with where our country is today than illiterate people...although there is likely a cause and effect there somewhere.

To: Metacomet who wrote (141353)	8/15/2008 6:30:44 PM
From: Peter V	Read Replies (2) \| Respond to of 306849

"Marginally literate folks who are convinced taxes are for other people have driven our country to where it is today." Really? Unless you are talking about Congress, I'm not sure your statement is even marginally accurate. I bet the marginally literate folks pay far more taxes than the very rich who can hire lawyers and accountants to legally shelter money. Tax avoidance is legal, tax evasion is not. Middle and upper middle class probably pay the majority of the taxes, they make enough to be in the highest brackets, but are not wealthy enough to create tax shelters. Marginally literate folks using H&R Block are paying plenty of taxes, I'm sure. Prop 13 was designed to avoid having a fixed income person be forced out of his/her home due to taxes. An elderly person may not be able to afford the tax burden as the price of the home appreciates, especially to the absurd levels they have gotten to lately. Given that the average American moves every 5-7 years, Prop 13 benefits those who stay put, which most often are the elderly.