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Have any of you, anyone over 40-years old and seniors for certain, bothered to RESEARCH Mr. Obama's tax plan?
I don't mean listening to him, CNN or FOX or reading some damn paper, I mean RESEARCH. If you haven't, you should get a copy of his plan and ask you tax man to fill you in, before you get all gagga eyed over this guy. Of course, the more you have, the more is at stake here. You want to pay a 28% tax on the profit when selling your house. Before the real estate bubble bursting, a 28% tax on real estate property could have easily cost middle-income home sellers over $100K in several parts of the country. And real estate will be back to where it was within the next 24 months.
2 Answers
- daddioLv 71 decade agoFavorite Answer
it's also why money is leaving the market. the bear market we are experiencing, RIGHT NOW, can be laid at his feet and his feet only!
it makes perfect sense to take your profits NOW!
- Auntie SLv 41 decade ago
"Before the real estate bubble bursting, a 28% tax on real estate property could have easily cost middle-income home sellers over $100K in several parts of the country"
That's some huge house. I'm thinking middle income means average, so the average house costs how much?? I'm too afraid to do your math
Oh, I get it, you are using a higher example to make your point
Clue one, and believe me I don't want Obama, but, where do Americans really think all these trillions in debt are gonna get taken care of??? Wishin and Hopin???