Quote:
Originally Posted by blankall
I somewhat agree. Disagree with the home owners exemption being applied across generations though or when cashing out.
If you buy a home for $100k and it increases in value to $1,000,000, how is taxing on that $900k double taxation? The home owners exemption makes sense, when transferring from one home to another. Otherwise, it's a capital gain like any other IMO.
I'd rather see housing capital gains taxed more and income taxed less.
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My comment was in reference to a question about a wealth tax.