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Subject: "Clinton - gave US one of the biggest tax break " Previous topic | Next topic
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GrannycTue Dec-05-17 01:17 PM
Member since Apr 27th 2002
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"Clinton - gave US one of the biggest tax break "
In response to Reply #4


When he allowed people to sell their PRIMARY RESIDENCE and pay NO capital gains tax. wow! What a break. Say, I bought my house for $400,000 and two years later sold in for $600,000. Without this tax break I would have paid $40,000 to the federal Government.

Well, buried in both tax bills is a clause. Now I must PAY the capital gains tax on the sale of my own home, if I don't live there at least 5 out of 8 years.

Whoa! and the news is silent on this HUGE tax increase.


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An accident screws republicans favorite constituents on the tax bill. [View all] , DavidLind, Tue Dec-05-17 03:09 AM
Have you noticed, MadSatyrist, Dec-05-17 04:49 AM, #1
RE: Have you noticed, Grayfox2, Dec-05-17 08:12 AM, #2
Do you mean the double whammy of homeowners and school taxes? , DavidLind, Dec-05-17 02:16 PM, #7
link please, Buzzcook, Dec-05-17 11:13 AM, #3
      RE: link please, Grayfox2, Dec-05-17 11:43 AM, #4
      Clinton - gave US one of the biggest tax break , Grannyc, Dec-05-17 01:17 PM #5
           Or not being able to deduct school taxes. nt , DavidLind, Dec-05-17 02:18 PM, #8
      Sorry. Early morning. , DavidLind, Dec-05-17 02:12 PM, #6
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