Quote:
Originally Posted by HudsonCoNJ
That doesn't really seem logical to me. A $500,000 tax free profit is still huge. You can buy a $1 million multi-family house and it would have to appreciate by more than 50% before your gains are taxed. I don't see how this would make someone who invests in multi-family houses want to suddenly start buying up single family houses.
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Much of the capital gain is driven by inflation, a direct respect to government spending.
I wish politicians just stop messing with the tax code. It is so damn complicated.
Put a consumption tax on it and call it a day. You tax on what you spent no on what you earned.