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???
08/21/06 21:49
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 		 #122743 - Capital Gains Tax
Responding to: ???'s previous message
Andy Curda said:
In Massachusetts we have to pay capital gains on our state taxes (only if we earned any). Capital gains are considered profits from stocks and real esate among others. The feds stay out of it. So if you sell a house in MA, your also helping them fix our Big (Dig) Problem:)

Interesting. In the UK we pay capital gains tax on profits from sales of stocks. If you sell your main residence i.e the house you are living in, it is exempt from capital gains tax.

Ian


List of 37 messages in thread
TopicAuthorDate
I knew it was bad, but that bad            01/01/70 00:00      
   Around here $550,000 buys..            01/01/70 00:00      
      And for $550k in California            01/01/70 00:00      
         is that in Missourra?            01/01/70 00:00      
            There's a reason it's called Mysery ...            01/01/70 00:00      
      Up here            01/01/70 00:00      
   Around here for 100K you can get...            01/01/70 00:00      
   So what is...            01/01/70 00:00      
      the CEOs bought their houses years ago and            01/01/70 00:00      
         It's like the real estate salesman ...            01/01/70 00:00      
      So what is...            01/01/70 00:00      
         CEO's            01/01/70 00:00      
      what gets me            01/01/70 00:00      
         Jez, you could be talking about NC and CA            01/01/70 00:00      
            The way it works out best ...            01/01/70 00:00      
               deal!            01/01/70 00:00      
                  Barnum said it            01/01/70 00:00      
                     From what I've seen ...            01/01/70 00:00      
                        Huh?            01/01/70 00:00      
                           Oh it can happen ...            01/01/70 00:00      
                              On which planet would that be?            01/01/70 00:00      
                                 Got to quit posting late .. Thanks Richard.            01/01/70 00:00      
                           Only the real estate salesmen ...            01/01/70 00:00      
                        big houses, small minds            01/01/70 00:00      
                        does that include your famous basement?            01/01/70 00:00      
                           Yes. It\'s two layers ...            01/01/70 00:00      
                        Engineers who're pulling            01/01/70 00:00      
               Tax on real estate            01/01/70 00:00      
                  capital gains            01/01/70 00:00      
                     Capital Gains Tax            01/01/70 00:00      
                        That's one reason people's houses grow over time            01/01/70 00:00      
                  Mostly No            01/01/70 00:00      
                     I think that number is more like $250k            01/01/70 00:00      
                        I never have            01/01/70 00:00      
                           "take and run"            01/01/70 00:00      
                              and only after you turn 55            01/01/70 00:00      
   Low income housing            01/01/70 00:00      

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