Quote:
Originally Posted by Excaliber
APPRECIATION is the key word here, the 'profit' from the sale. It is certainly safe to say the vast majority of Americans won't have to worry about a $500K PROFIT on anything.
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Once again, so you would be willing to pay $28,000 tax on a $100,000 profit?
And don't tell me that no one in America has $100,000 in appreciation dollars after owning their home for 20-30 years.