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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (47674)9/18/2008 10:50:20 PM
From: ManyMoose1 Recommendation  Read Replies (1) | Respond to of 224705
 
Guy, you get like 600k or a million free of charge from you mom right?

You Pay no tax on the sale of your primary residence up to a pretty large amount no?



There won't be no 600k after Obam gets through with his cut. I don't live on all my property, but I pay taxes on it, so he will grab that too when he taxes the capital gains.



To: LLCF who wrote (47674)9/19/2008 5:52:36 AM
From: Bearcatbob1 Recommendation  Read Replies (2) | Respond to of 224705
 
The whole inheritance tax is interesting. My understanding is that when the estate tax is cancelled the step up aspect was to be taken away. The step up aspect has been a great benefit to me with the current law.

Bob


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