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No, not your primary home. The last thing we want is a bunch of old ladies being hit with a huge tax bill on the home they've lived in for 40 years.
by st3v3r 11y ago
No, not your primary home. The last thing we want is a bunch of old ladies being hit with a huge tax bill on the home they've lived in for 40 years.
- kspaans 11y agoNot sure if you're being sarcastic, but the whole point of making the changes to the capital gains taxes is so that it only affects people who sell. The old ladies will simply be earning less profit when they _sell_ their homes, there would be no "huge tax bill" while they are still living in them.