A Fighting Voice from the DEMOCRATIC Wing of the Democratic Party
Great calculator. But, what about capital gains? What if I sell my house. He wants to raise the capital gains tax and eliminate the housing shelter of up to $500,000 profit on houses. Also if I have to sell my house for a loss I get taxed on the total sale. Why are these not added into the tax saving calculator?
NO. UNTRUE. FALSE. Only house profits ABOVE $500,000 for a married couple would be taxable. And capital gains taxes would NOT be greatly increased under Obama. These are Republican lies spreading around. See here:http://mediamatters.org/items/200806120006
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