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A comment on Biden eyeing tax rate as high as 43.4% in next economic package. Parent comment

Re:Biden eyeing tax rate as high as 43.4% in next economic p... by kec on Thursday April 22, 2021 @02:36PM (#26906326)
The median home price in California is rapidly approaching $1M, Wouldn't this just lock up the real estate market even more?
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Re:Biden eyeing tax rate as high as 43.4% in next economic p... by dv_dt on Thursday April 22, 2021 @02:45PM (#26906487)
Selling a $1M home doesn't mean you have $1M in income, so I think in general it wouldn't impact the real estate market except perhaps at the much higher end - maybe $5M or higher.

Our housing market would probably be more sane if developers had more pressure to focus on building units in the middle to low end of the market anyway in California.

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Re:Biden eyeing tax rate as high as 43.4% in next economic p... by wing-_-nuts on Thursday April 22, 2021 @02:45PM (#26906479)
You can exclude 250k / 500k for single / married folks. It's quite generous.
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