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JDPriestly

(57,936 posts)
5. That would be great!
Mon Jan 7, 2013, 01:53 AM
Jan 2013

If I have a house and I sell it, I have earned income. Why should someone who works for years to make the money I make just selling my house have to pay taxes on his income earned from work if I don't have to pay it on a house when I sell it.

The capital gains tax breaks on the sale of a home should not exist.

I think that tax breaks -- deductions -- should continue for the interest on the first home that someone buys and lives in but should not continue for the capital gains income when a property is sold.

For Medicare and health care in general: truebluegreen Jan 2013 #1
This is the part that shows our compassion-vs-profits dotymed Jan 2013 #26
I suppose I should have said, truebluegreen Jan 2013 #27
That is why it is so hard to find a Dr. willing to dotymed Jan 2013 #31
Um, I'm confused. truebluegreen Jan 2013 #32
IDK what is so confusing... dotymed Jan 2013 #37
Medicare-for-All is the BEST and ONLY AFFORDABLE solution! Faryn Balyncd Jan 2013 #2
We're on that path, and probably will get there in the next 15 years. Kennah Jan 2013 #4
We've gone from considering a MC buy-in option to debating whether to raise the MC age to 67... Faryn Balyncd Jan 2013 #6
You are of course correct Kennah Jan 2013 #8
I can see John2 Jan 2013 #22
Citizen's United + mandatory private insurance = plenty of your own money says you're wrong. nt Romulox Jan 2013 #12
Obamacare = Corporate Welfare Demo_Chris Jan 2013 #14
+100 truebluegreen Jan 2013 #28
It really is jsr Jan 2013 #23
K&R abelenkpe Jan 2013 #3
That would be great! JDPriestly Jan 2013 #5
But then you would be taxed on income you did not get Yo_Mama Jan 2013 #7
By the same reasoning, your paycheck rises not because you do more work JDPriestly Jan 2013 #10
Income taxes are inflation-indexed Yo_Mama Jan 2013 #36
No. Capital gains should be taxed as regular income. Demo_Chris Jan 2013 #15
Amen. daleanime Jan 2013 #19
The first $250K of home sale capital gains is tax exempt, $500K is you're married filing jointly n/t TexasBushwhacker Jan 2013 #34
How about paying capital income only on sale of SECOND homes? Auntie Bush Jan 2013 #20
Might work. JDPriestly Jan 2013 #29
K&R. JDPriestly Jan 2013 #9
I can't agree with this more! I wonder WHY it's not more obvious to others. nt patrice Jan 2013 #11
WHY in two easy steps. hay rick Jan 2013 #13
I'd say people are being PAID to keep feeding corporations socialindependocrat Jan 2013 #25
+1 MissMarple Jan 2013 #16
tag leftyohiolib Jan 2013 #17
That's one of the reasons I like Robert Reich... kentuck Jan 2013 #18
What's sad is that his position is considered "out of the box". gkhouston Jan 2013 #21
Exactly! Skidmore Jan 2013 #24
I read a piece months ago about how much Medicare and Medicaid have contributed to the recovery underpants Jan 2013 #30
just had surgery. the anesthesiologist alone was $2,000. spanone Jan 2013 #33
Great article! Quantess Jan 2013 #35
Latest Discussions»General Discussion»Robert Reich: Medicare is...»Reply #5