Why should you have to pay any capitol gains tax on the sale of any of your
property?
________________________________
From: Bhairitu <noozg...@sbcglobal.net>
To: FairfieldLife@yahoogroups.com
Sent: Sat, August 14, 2010 10:00:07 AM
Subject: Re: [FairfieldLife] Fwd: Over 100,000 Sign Fred Thompson's Petition,
Liberals Furious
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. You are frightened traitors,
>>> cowards being led by the nose to this pathetic scrambling to get ‘yours’…”
>>> --
>
>>>
>
>
>>> Anonymous
>>>
>>> “[You are] flat out lying to confuse people…” -- Anonymous
>>> “You’re a bunch of lying weasels… Either You're All STUPID, Or
>>> Liars!!!!!......”
>>>
>>> -- Rich
>>>
>>> “Your un-American position is both shameful and, in my opinion, makes you
>>> traitors to the American people” -- John M.
>>>
>>> The fact is all of the Bush Tax Cuts, affecting every American who pays
>>> taxes,
>>
>>>
>>> expire at the stroke of midnight on December 31, 2010. When this happens,
>>> personal income tax rates increase across the board by 10 percent or more.
>>>
>>> The capital gains tax will increase by one-third and the dividend rate will
>>> almost triple!
>>>
>>> What’s more, the “death” tax rears its ugly head again, jumping from 0% to
>>> a
>>> whopping 55%! The marriage tax penalty returns. Even the child tax credit
>>> is
>>> cut
>>>
>>>
>>>
>> >from $1,000 to $500 per child.
>>
>>
>>> Small businesses and investors are especially targeted by Obama and Pelosi.
>>> This
>>>
>>> means higher unemployment, lower incomes, and stagnant economic growth.
>>>
>>> If liberals in Congress simply do nothing, their refusal to act will result
>>> in
>>
>>>
>>> the largest tax hike in American history.
>>>
>>> It will be fatal for struggling economy. But you can do something about it.
>>> Dick Morris calls the League "one of the most effective organizations in
>>> America" and says "they deserve your support!"
>>>
>>> Senator Fred Thompson is leading our national effort.
>>> You can help us in two ways:
>>> 1. If you have not signed the Petition, do so today, and also see Fred's TV
>>> ad — Go Here Now
>>>
>>> 1. 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. Contributions to the League of
>>> American Voters
>>> are not tax deductible as charitable contributions for federal income tax
>>> purposes.
>>> Contributions from individuals and corporations are permitted by law and
>>> welcome.
>>>
>>>
>>> League of American Voters | 722 12th Street N.W. | Fourth
>>> Floor | Washington, D.C. 20005
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>> ________________________________
>> TO ADVERTISE
>> ________________________________
>>
>>
>>
>>> For information on advertising at Newsmax.com, please contact Newsmax
>>> Advertising Sales via e-mail.
>>>
>>>
>>>
>>>
>> ________________________________
>> TO SUBSCRIBE
>> ________________________________
>>
>>
>>
>>> If this News Alert has been forwarded to you and would like a subscription,
>>> please sign up for Newsmax e-mail alerts. This e-mail was sent by:
>>>
>>> Newsmax.com
>>> 4152 West Blue Heron Blvd, Ste 1114
>>> Riviera Beach, FL, 33404 USA
>>> To remove your email from future mailings please click here: Unsubscribe
>>>
>>>
>>
>>
>>
>>
>
>
>
>
>
>
>
