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In reply to the discussion: Robert Reich: Medicare isn't the problem. It may be the solution. [View all]JDPriestly
(57,936 posts)5. That would be great!
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.
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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
Citizen's United + mandatory private insurance = plenty of your own money says you're wrong. nt
Romulox
Jan 2013
#12
The first $250K of home sale capital gains is tax exempt, $500K is you're married filing jointly n/t
TexasBushwhacker
Jan 2013
#34
I read a piece months ago about how much Medicare and Medicaid have contributed to the recovery
underpants
Jan 2013
#30