6 ms·
If you’re talking about the US, you’re wrong in that there are capital gains taxes at 20% long term, and up to 38% short term on the sale of stock. For a real e
by prklmn 9y ago
If you’re talking about the US, you’re wrong in that there are capital gains taxes at 20% long term, and up to 38% short term on the sale of stock. For a real estate investment that you live in, couples do not have to pay capital gains tax on up to $500k worth of gains.
Just to play devil’s advocate - when you buy a stock, you are buying nothing more than a piece of paper, and you don’t even get a piece of paper nowadays. It’s really easy to manipulate the price of a piece of paper.
- skookumchuck 9y agoIt's more complicated than that. The $500k is for married couples - it's $250k for singles. You also have to stay in the house for at least 2 years. There are a bunch of other rules, too. > It’s really easy to manipulate the price of a piece of paper. The real estate crash of 2007 shows there is no such thing as sure thing in real estate, either.