Harris supports a 44.6% tax on Americans for selling their homes: Report

[Bustedknees]

You'd pay more taxes this way. A key isn't a primary residence and does not qualify for tax exempt status.

Should I be pleased that my family camp is 44% owned by the state? Will the state start paying 44% of my taxes and upkeep?

 

[DoD1776]

Thank god my other one closes on today lol

 

[SonOfSun]

Should I be pleased that my family camp is 44% owned by the state? Will the state start paying 44% of my taxes and upkeep?

Nope, you shouldn't. I'm not saying I agree with her plan (I don't). If you go back through you'd see I'm just saying that the information on it should be posted accurately and not in a misleading manner like in the article.

 

[Saltwater60]

Losing 44% of the income made on ANY sale is absurd. Capital gains taxes are already ridiculously high. The sad thing is the extra money taken from we the people by .gov in these transactions is not used to slow or reduce our national debt or deficits. It just gets squandered on new pet projects and pork spending.

Its like me telling my employer I need a raise because I'm struggling to pay my mortgage. I get said raise, waste it all on bookers and blow, and then go back to my boss saying I'm still having trouble paying my mortgage, I need another raise.

Correct and my stupid father in law refuses to protect any of his assets. I told him he should and he just rambled about the government not getting any of his guns when he dies. I said what about your $2 million in assets? Falls on deaf ears.

 

[Hillbilly77]

….waste it all on hookers and blow…

Waste?

 

[dwa12479]

Correct and my stupid father in law refuses to protect any of his assets. I told him he should and he just rambled about the government not getting any of his guns when he dies. I said what about your $2 million in assets? Falls on deaf ears.

Get as much put into a trust as possible ASAP.

 

[cpython]

I believe it. Coming from her. This is not surprising. It would be a surprise otherwise.