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Oh yes, and Ron "spend all ya want, we'll print more" Paul is going to make us rich.
3rd party is looking pretty good.
saw barr on glenn beck the other day. i liked his reponses.
Bob Barr 2008 — Liberty for America
and a surplusThere was this funny thing that happened in 92, this guy named Perot ran as a 3rd party guy and drew away Republican votes. The story ended with higher taxes and stained dresses.
and a surplus
and a weaker military
I can't argue the point, but I'd take that over the hugemongous defficit we've run up here. Not advocating clinton, just trying to stick to the facts.all a surplus means is that the government took more of your money than it needed and is keeping it, because "they can use it better than you can"
think of it like this... you go to a store and buy something that costs $12.97... you give them a $20... they give you $2.03 in change and keep the $5 because they know how to spend that money better than you do..... thats a surplus
2 year law comes into play, and its 500k for a married couple filing joint. I guarantee next year or the following, I'll be well versed in this rule.
And to B above. It's very doubtful Obama will ever raise the capitol gains tax over 20%. At that price it will discourage selling an incredible amount.
It's very low now, and from an economical standpoint, its fucking stupid. How can you finance a ridiculous war and expect to save your rich buddies money? I'm all about fiscal economics, and both mccain and obama aren't on par with my views for how the government should be financed. I strongly dislike regressive taxes, and capitol gains isn't 100% on par with theft, but defers from the fact that the money will be redistributed to other individuals, generating increased revenue for the government.
Clinton achieved his surplus on the heels of a housing and dot com bubble that would later burst during the Bush administration. Clinton also raised taxes and failed to retaliate against Bin Laden after his terrorist organization bombed the U.S.S. Cole, Bin Laden would later go on to devise the September 11th attacks that helped cripple the U.S. economy for at least six months.
Clinton made some strides in his domestic policy under social reform, but he certainly wasn't the end all, be all of presidents.
Damn it is good to finally see someone else understand that Clinton rode the Dot Com wave.
Uhhh, I'm not sure where you're getting your figures from J.
If you live in a dwelling for 2 years, you're eligible to not pay taxes on the first 250k of profit. If you're married, you're eligible to not pay on 500k of profit.
I understand this, but how much of life is being at the right place at the right time. Anyway, this universal health care has to go, it will bankrupt everyone. Oh don't forget to sell alll your guns, and that wasnt the (forgive my spelling) Tony Rezco I knew.Clinton achieved his surplus on the heels of a housing and dot com bubble that would later burst during the Bush administration. Clinton also raised taxes and failed to retaliate against Bin Laden after his terrorist organization bombed the U.S.S. Cole, Bin Laden would later go on to devise the September 11th attacks that helped cripple the U.S. economy for at least six months.
Clinton made some strides in his domestic policy under social reform, but he certainly wasn't the end all, be all of presidents.
Thats one single circumstance in a lifetime.
I'm not sure where you're heading with this...
My point was that short term capital gains taxes are paid at the MTR, while long term capital gains are paid at 10 or 15% depending on your tax bracket. The majority of people paying 15%.
Under 26 U.S.C. §121 an individual can exclude up to $250,000 ($500,000 for a married couple filing jointly) of capital gains on the sale of real property if the owner used it as primary residence for two of the five years before the date of sale. The two years of residency do not have to be continuous. An individual may meet the ownership and use tests during different 2-year periods. However, both tests must be satisfied during the 5-year period ending on the date of the sale. There are allowances and exceptions for military service, disability, partial residence and other reasons. See IRS Publication 523. Although §121 is helpful to taxpayers who have a gain on the sale of their home, it provides no benefit if there is a loss on the sale of the property. You are not able to deduct a loss on the sale of your home.