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Re: If You Plan On Selling Your Home

Posted by gp38/r42 chris on Mon Feb 27 20:34:51 2012, in response to Re: If You Plan On Selling Your Home, posted by Dave on Mon Feb 27 20:34:11 2012.

How do you assume they dont?

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Re: If You Plan On Selling Your Home

Posted by LuchAAA on Mon Feb 27 20:39:39 2012, in response to Re: If You Plan On Selling Your Home, posted by SMAZ on Mon Feb 27 19:42:30 2012.

You know what they say. Florida is the sixth borough.

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Re: If You Plan On Selling Your Home

Posted by SelkirkTMO on Mon Feb 27 20:41:35 2012, in response to Re: If You Plan On Selling Your Home, posted by Dave on Mon Feb 27 20:34:11 2012.

When in doubt, make shit up. :)



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Re: If You Plan On Selling Your Home

Posted by gp38/r42 chris on Mon Feb 27 20:44:48 2012, in response to Re: If You Plan On Selling Your Home, posted by SelkirkTMO on Mon Feb 27 20:41:35 2012.

WTF???? seriously.
You are saying this insulting SHIT, over? Mrs Fictional old lady? Christ.

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Re: If You Plan On Selling Your Home

Posted by SelkirkTMO on Mon Feb 27 20:59:33 2012, in response to Re: If You Plan On Selling Your Home, posted by gp38/r42 chris on Mon Feb 27 20:44:48 2012.

Dewd ... you're taking my laughing at the argument personally? The arguments you're throwing are reminiscent of one of those cheap movies where they're flinging the contents of an old Ford van out the rear doors in a chase scene.

Newt Gingrich changed the rules back in 1997. Up until then, there was no penalty at all when you sold your nest egg. And even after Newt, you get to keep most of it anyway. Why all the hoopla over something that happened in 1997?

And without Obamacare, if you're old and sick and have to go on Medicaid, the state takes the ENTIRE sale price before you can collect. This is an actual improvement ...

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Re: If You Plan On Selling Your Home

Posted by Olog-hai on Mon Feb 27 21:00:55 2012, in response to Re: If You Plan On Selling Your Home, posted by SelkirkTMO on Mon Feb 27 20:41:35 2012.

When in doubt, make shit up

You must be perpetually in doubt, eh?

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Re: If You Plan On Selling Your Home

Posted by Olog-hai on Mon Feb 27 21:02:24 2012, in response to Re: If You Plan On Selling Your Home, posted by SelkirkTMO on Mon Feb 27 18:30:22 2012.

I guess that's the only available response because a follow-up to the phrase "no they don't and here's why" was unavailable . . . right?

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Re: If You Plan On Selling Your Home

Posted by Olog-hai on Mon Feb 27 21:03:04 2012, in response to If You Plan On Selling Your Home, posted by Train Dude on Mon Feb 27 02:04:01 2012.

Expect that to generate zero revenue.

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Re: If You Plan On Selling Your Home

Posted by SelkirkTMO on Mon Feb 27 21:07:38 2012, in response to Re: If You Plan On Selling Your Home, posted by Olog-hai on Mon Feb 27 21:00:55 2012.

Yeah ... that's the ticket. Just call me Stratfor. :)

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Re: If You Plan On Selling Your Home

Posted by Train Dude on Mon Feb 27 21:08:07 2012, in response to Re: If You Plan On Selling Your Home, posted by Dan Lawrence on Mon Feb 27 14:09:25 2012.

Are you saying that the link is not valid or that the same facts are no longer the facts?

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Re: If You Plan On Selling Your Home

Posted by SelkirkTMO on Mon Feb 27 21:08:33 2012, in response to Re: If You Plan On Selling Your Home, posted by Olog-hai on Mon Feb 27 21:02:24 2012.

Arguing with you is like fapping with sandpaper. :)

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Re: If You Plan On Selling Your Home

Posted by Olog-hai on Mon Feb 27 21:09:16 2012, in response to Re: If You Plan On Selling Your Home, posted by Dan Lawrence on Mon Feb 27 14:09:25 2012.

So what?? Laws don't expire after one year.

Wrong again, Dan Lawrence . . .

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Re: If You Plan On Selling Your Home

Posted by GP38/R42 Chris on Mon Feb 27 21:10:32 2012, in response to Re: If You Plan On Selling Your Home, posted by SelkirkTMO on Mon Feb 27 20:59:33 2012.

I am givng scenarios where this wouldn't be a "huge check" as he said Mrs Old Lady Fictional would be getting. That's not always the case. Mrs Old Lady Fictional may have had a mortgage, even if she's been there for decades. Seriously, how is that "a joke" or laughable? Just because I am not a lapdog?

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Re: If You Plan On Selling Your Home

Posted by SelkirkTMO on Mon Feb 27 21:17:20 2012, in response to Re: If You Plan On Selling Your Home, posted by GP38/R42 Chris on Mon Feb 27 21:10:32 2012.

I'm laughing at the desperation of the replacement arguments as the old ones land on the street behind the panel truck and the cop car flies around each latest projectile that crashes on the street behind the truck.

This thread started out with Obama takes all of your money and hits you over the head with a sock full of quarters, seems finally dawning on some that it's only 3.8% of the excess above the exclusion and the fact that there are other exclusions which can be taken as well if you make the effort to see a tax attorney.

But I'm laughing at how shrill it's getting ... that's all ...

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Re: If You Plan On Selling Your Home

Posted by orange blossom special on Tue Feb 28 08:33:01 2012, in response to Re: If You Plan On Selling Your Home, posted by Fred G on Mon Feb 27 08:44:04 2012.

3.8% on 500,000

General questions for the audience.

Where does that $19,000 come from?
Where does that $19,000 go to?
Obama's record # of golf round
His "courageous" 1% parties he always throws?
Moochela's vacations?
???

In the worst economy since the great depression is adding a MINIMUM tax of 19,000 dollars fair?

Is this fixed to 500k or inflation adjusted? I'm curious because if there is another demonkkkrat bubble like that last one, what happens when most crap homes reach this threashold. Will this artifically skew the home values in 2 ways completely destroying the economic system?

Sounds like more gov't greed and add into it price manipulation.

Oh well, sounds like it effects the NE and California more than other places. It should be called the Blue County/state Tax.

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Re: If You Plan On Selling Your Home

Posted by Dave on Tue Feb 28 14:38:34 2012, in response to Re: If You Plan On Selling Your Home, posted by GP38/R42 Chris on Mon Feb 27 21:10:32 2012.

If she and Dad bought the house decades ago for $30,000, how much of a mortgage could there be left?

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Re: If You Plan On Selling Your Home

Posted by Dave on Tue Feb 28 14:40:21 2012, in response to Re: If You Plan On Selling Your Home, posted by LuchAAA on Mon Feb 27 20:39:39 2012.

Hell, it seems like half of LI retired and moved down to south Florida.

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Re: If You Plan On Selling Your Home

Posted by AlM on Tue Feb 28 14:42:11 2012, in response to Re: If You Plan On Selling Your Home, posted by Dave on Tue Feb 28 14:38:34 2012.

Refinancing, maybe.

It's all hypothetical, so any scenario is possible. However, few scenarios that result in a lot of tax are likely.



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