A little slow today? I was pointing out that you don't have to pay taxes on that first $250K and you can take it again if you sell the house you move into later. Go look it up. And if you are a couple you get to take $500K sans taxes. So if I sell this house for $400K and after I pay the bank have a $300K profit I only get taxed on $50K. Get it?
Mike Dixon wrote: > A *shack* used to cost $300K in L.A. just twenty or thirty years ago. Are you > saying nobody should make over $250k on the sale of a house no matter how > long > they've lived in it, paid taxes on it, improved it and the community it's > in?I > just happen to live under a very exclusive bridge, south of Galveston. I'll > make > you a special deal. > > > > > ________________________________ > From: Bhairitu <noozg...@sbcglobal.net> > To: FairfieldLife@yahoogroups.com > Sent: Fri, August 13, 2010 5:06:10 PM > Subject: Re: [FairfieldLife] Fwd: Over 100,000 Sign Fred Thompson's Petition, > Liberals Furious > > > No, no, no, you can deduct up to $250K for profit on the sale of a home > and twice that if married. Obviously you don't own a home or you'd know > that. Bridges are kinda hard to sell if you live under one. > > Mike Dixon wrote: > >> So, under capitol gains taxes , if you sell your house and make a profit, >> you >> pay that capitol gains tax, even if you live on a pension and SS. >> >> >> >> >> ________________________________ >> From: "wle...@aol.com" <wle...@aol.com> >> To: FairfieldLife@yahoogroups.com >> Sent: Thu, August 12, 2010 3:53:59 PM >> Subject: [FairfieldLife] Fwd: Over 100,000 Sign Fred Thompson's Petition, >> Liberals Furious >> >> >> NOT only a tax on folks earning over 200,000 but capitol gains tax etc etc >> see >> >> >> ________________________________ >> From: news...@newsmax.puresendmail.com >> >> >>> Reply-to: vwwrnmstmcl.wtbldld...@newsmax.puresendmail.com >>> To: wle...@aol.com >>> Sent: 8/12/2010 5:27:20 P.M. Eastern Daylight Time >>> Subj: Over 100,000 Sign Fred Thompson's Petition, Liberals Furious >>> >>> >>> >>> >>> An Urgent Message from Our Sponsor, The League of American Voters >>> >>> More Than 100,000 Americans Sign Fred Thompson's Petition to Renew the Bush >>> Tax >>> >>> Cuts >>> >>> Dear Newsmax Reader: >>> I am pleased to report to you that our campaign to Renew the Bush Tax Cuts >>> has >>> >>> gained tremendous momentum -- and we already have over 100,000 Americans >>> signing >>> >>> our petition to Congress. >>> >>> And thanks to supporters like you Fred Thompson’s powerful TV ad for the >>> League >>> >>> is running on Fox News and other cable networks everywhere. >>> >>> Americans are angry with Congress. They want the Bush Tax Cuts FULLY >>> renewed. >>> > > >>> You can't raise taxes in the middle of a recession -- especially this one. >>> Pelosi and Obama are so hell-bent on taxing the "rich" that they won't >>> fully >>> renew these cuts -- and will also raise capital gains and dividend taxes. >>> >>> But, because of your support, the League of American Voter’s TV ad and >>> national >>> >>> petition drive is making a big difference on Capitol Hill. >>> >>> According to The Hill newspaper, “Democrats will hold a September showdown >>> over >>> >>> trillions of dollars in expiring tax cuts … That would make tax cuts a >>> front-and-center issue in the days leading up to the midterm election.” >>> >>> Pelosi may not want to do this, but I can tell you that millions of >>> Americans >>> > > >>> have been informed because of our efforts. >>> >>> They will most certainly hold the feet of their Congressmen and Senators to >>> the >>> >>> fire right up til election day and after. >>> >>> It is absolutely critical we continue this campaign — Go Here Now >>> We’ve also witnessed an especially virulent response to our efforts from >>> the >>> far-left, who continue to attack the League on MSNBC’s Rachel Maddow Show >>> and >>> > > >>> with internet postings. >>> >>> Apparently, the far-left has also launched a profanity-laced email campaign >>> against the League. >>> >>> Most of the emails I cannot share with you for obvious reasons, but here’s >>> just >>> >>> a taste of the venom being directed at the League: >>> >>> “You parade as ‘real Americans.’ You are not. 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We need to alert millions of Americans to this tax threat — please >>> donate to >>> >>> our cause — every donation helps us buy TV, radio, print and online ads -— >>> Go >>> > > >>> Here Now >>> >>> Thank you. >>> Yours for America, >>> Bob Adams >>> Executive Director >>> P.S. – Please forward this important email to your family and friends, and >>> urge >>> >>> them to sign the petition at renewthetaxcuts.com. And remember, we can't do >>> this >>> >>> alone. We are willing to fight but we need your help. We are making a >>> difference >>> >>> but we can do more with your help — support our cause today — Go Here Now >>> >>> Paid for by the League of American Voters. 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