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Posted on 10/15/25 at 5:06 pm to GumboPot
Why stop there? Why are we paying annual taxes on owned property? You own the house, you own the land, yet you still pay taxes?
Posted on 10/15/25 at 5:09 pm to BearCrocs
quote:
Why stop there? Why are we paying annual taxes on owned property? You own the house, you own the land, yet you still pay taxes?
You don't have to convince me to pay less taxes, regardless of almost any argument.
Posted on 10/15/25 at 5:43 pm to GumboPot
It doesn’t matter, they are all so stupid up there they will never pass anything that actually helps us.
Posted on 10/15/25 at 6:01 pm to GumboPot
quote:¿Que?
The act primarily benefits higher-equity sellers in expensive markets or with long-held properties, so the supply boost may be concentrated in specific regions (e.g., coastal cities, and north of tATL).
Many homeowners, especially retirees or those in high-value markets, may hesitate to sell due to capital gains tax on profits exceeding the current exclusion limits
You can walk away with a $1M profit of which only 1/2 is taxed at all, and the other half is taxed at 15%? What is it you are arguing?
Posted on 10/16/25 at 10:45 am to GumboPot
quote:
I know y'all hate MTG right now,
I don't hate anyone!
Posted on 10/16/25 at 10:51 am to Sp0728
quote:
Federal government shouldn’t take a dime for anything.
If the federal government can’t balance their budget off tariffs and corporate taxes…. Too fricking bad
Any and all taxes should be remitted at the state and local level and the federal government can come make their case to each state for taxes to be remitted to DC.
Posted on 10/16/25 at 11:01 am to CA Jones
quote:
We already have that exemption.
It just needs to be adjusted for inflated home prices.
Posted on 10/16/25 at 11:03 am to dickkellog
quote:
the truth is the cost basis on a 250k house on a 30 year mortgage after 20 years in is at minimum 600k
Wrong. The cost of the house was 250k. The additional cost was for the loan. Another way of saying it was the home buyer couldn't afford the house so corp. A paid it for them and the additional cost was a compensation for the loan.
Posted on 10/16/25 at 11:29 am to Sp0728
quote:
If the federal government can’t balance their budget off tariffs and corporate taxes…. Too fricking bad
I'm sure many people would disagree for various reasons, but I'd prefer a federal sales tax, with the tax rate increasing for luxury items. Want a billion dollar yacht or a private jet plane to hop around the planet, pay a higher tax rate.
That does several things that I like. It ensures that virtually everyone pays some taxes, which helps people pay more attention to government spending. And it incentivizes saving/personal responsibility. People who spend more of their income pay more taxes. Those who save or invest more of their income pay less taxes.
This post was edited on 10/16/25 at 11:38 am
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