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Boomers wanting to downsize face huge tax bills
(www.cnn.com)
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this post was submitted on 30 Jan 2024
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So they pay those taxes with the gains from the sale? What's the fucking problem?
But unless this is a 2nd home, I don't think they'll pay anything unless it's over some high amount.
Ya to me this sounds more like people complaining they aren't making as much money as they want to?
Hey they earned those gains through privilege and luck!
If they're in California, they might have gains of over a million dollars. The exemption cuts off at $500k of total gains; anything beyond that has to have taxes paid.
So they're whining about paying taxes on a million dollar capital gain. They can go fuck themselves.
And? They are still taking home hundreds of thousands of dollars in cash.
Why the fuck do you care? It's their money from their house. It's not yours to benefit from
We're discussing the article here, junior.
It reminds me of the people afraid to get a raise because they think going into the next tax bracket means they make less money.