Re:If You Can’t Afford the Rent, It’s My Problem, Too
by ww520 on Wednesday March 27, 2019 @06:40PM
(#19506922)
The exemption on capital gain tax on house sales is for avoiding taxing the gain from inflation over the years.
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Re:If You Can’t Afford the Rent, It’s My Problem, Too
by kelnos on Thursday March 28, 2019 @04:34AM
(#19510359)
Doesn't really matter what it's for; at the end of the day you don't pay tax on the gain. If I invest in a stock or mutual fund that sadly only grows with inflation, the IRS still gets its cut from my gains. Home sales are (AFAIK) unique in this treatment.