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Reply to "biden pushing for new capital gains tax "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Specific to home ownership, capital gains tax rate needs to take into account length of time home was owned in some way. Elderly can't downsize in retirement because the gains tax plus cost of selling is too prohibitive. People sitting in large homes they don't need and can't take care of because we make it too difficult for senior citizens to sell property.[/quote] Elderly couples have $500,000 of profit tax free. That’s plenty to pay the “cost of selling.”[/quote] Yeah, GMAFB. Anyone who makes enough on the sale of a home to pay capital gains tax can afford to downsize. [/quote] What is cost of new condo in DC area?[/quote]Objection, irrelevant [/quote]
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