Quote:
Originally Posted by RIJIMMY
No one distorted reality in this thread. I posted the details, 3rd reply. But, all of this was HIDDEN in the healthcare bill. More sneaky crap they rammed in. most people are not aware.
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Sure your response was distorted.
The original post said that on a 400K house the tax was $12K.
That is not true. There is atleast a $250K deduction for capital gains (assuming a singe filer). So at the most the tax would be only on $150K (and that still would ignore the original cost of the house).
Anyone- If I'm not correct pls. correct me as I'm not an accountant.
You replied "pretty much true"
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