Rod Posted March 2, 2020 Share Posted March 2, 2020 And put an additional tax on homes that aren’t occupied https://mfi-miami.com/2019/09/comrade-bernie-sanders/ Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 2, 2020 Share Posted March 2, 2020 Great plan Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted March 2, 2020 Share Posted March 2, 2020 I like this plan too. Bernie is right on about this one. Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 2, 2020 Share Posted March 2, 2020 1 minute ago, AKIQPilot said: I like this plan too. Bernie is right on about this one. It’s common sense Quote Link to comment Share on other sites More sharing options...
spin_dry Posted March 2, 2020 Share Posted March 2, 2020 Has the potential to put a dent in the homelessness issue. Quote Link to comment Share on other sites More sharing options...
SSFB Posted March 2, 2020 Share Posted March 2, 2020 15 minutes ago, f7ben said: Great plan 12 minutes ago, AKIQPilot said: I like this plan too. Bernie is right on about this one. Why? Quote Link to comment Share on other sites More sharing options...
Rod Posted March 2, 2020 Author Share Posted March 2, 2020 Just now, SSFB said: Why? That’s what I’m wondering Quote Link to comment Share on other sites More sharing options...
Zambroski Posted March 2, 2020 Share Posted March 2, 2020 Just now, SSFB said: Why? X2. Quote Link to comment Share on other sites More sharing options...
Big Crappie Posted March 2, 2020 Share Posted March 2, 2020 Dumb Quote Link to comment Share on other sites More sharing options...
spin_dry Posted March 2, 2020 Share Posted March 2, 2020 12 minutes ago, SSFB said: Why? It targets publicly traded rental companies. They are the fucking scourge in several markets and is the driving cause of homelessness. Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 2, 2020 Share Posted March 2, 2020 14 minutes ago, SSFB said: Why? Because corporate dollars speculating on housing and driving prices through the roof is bullshit Quote Link to comment Share on other sites More sharing options...
Rod Posted March 2, 2020 Author Share Posted March 2, 2020 1 minute ago, f7ben said: Because corporate dollars speculating on housing and driving prices through the roof is bullshit Ok comrade 2 Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted March 2, 2020 Share Posted March 2, 2020 16 minutes ago, SSFB said: Why? House flipping is what rich people do. If you can flip a property for big or even moderate profits it’s probably because the infrastructure in the area is appealing. The state or feds spend money to beautify the area and rich people take advantage of it. I feel the same way about capitol gains taxes. CG should be taxed at a flat rate somewhere in the 20-25% range. Why should the rich get taxed the same on their unearned income as you and I get taxed on our earned income. Quote Link to comment Share on other sites More sharing options...
Rod Posted March 2, 2020 Author Share Posted March 2, 2020 Just now, AKIQPilot said: House flipping is what rich people do. If you can flip a property for big or even moderate profits it’s probably because the infrastructure in the area is appealing. The state or feds spend money to beautify the area and rich people take advantage of it. I feel the same way about capitol gains taxes. CG should be taxed at a flat rate somewhere in the 20-25% range. Why should the rich get taxed the same on their unearned income as you and I get taxed on our earned income. Lots of working class people flip homes here Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted March 2, 2020 Share Posted March 2, 2020 2 minutes ago, ACE said: Lots of working class people flip homes here Yep. And they should be taxed accordingly. Quote Link to comment Share on other sites More sharing options...
Rod Posted March 2, 2020 Author Share Posted March 2, 2020 1 minute ago, AKIQPilot said: Yep. And they should be taxed accordingly. They already are. Profit off a non primary residence is taxable income. Is it not the same way there? Quote Link to comment Share on other sites More sharing options...
spin_dry Posted March 2, 2020 Share Posted March 2, 2020 4 minutes ago, AKIQPilot said: House flipping is what rich people do. If you can flip a property for big or even moderate profits it’s probably because the infrastructure in the area is appealing. The state or feds spend money to beautify the area and rich people take advantage of it. I feel the same way about capitol gains taxes. CG should be taxed at a flat rate somewhere in the 20-25% range. Why should the rich get taxed the same on their unearned income as you and I get taxed on our earned income. It’s corporate and mega investment business now. Large corporations buying and selling houses/rentals that should be going to first time home buyers. It’s the footprint of the billionaires. Quote Link to comment Share on other sites More sharing options...
SSFB Posted March 2, 2020 Share Posted March 2, 2020 What are the capital gains taxes if one is flipping a house in the US? Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 2, 2020 Share Posted March 2, 2020 Just now, SSFB said: What are the capital gains taxes if one is flipping a house in the US? If you own it for longer than 1 year it’s cg I think Quote Link to comment Share on other sites More sharing options...
SSFB Posted March 2, 2020 Share Posted March 2, 2020 Just now, f7ben said: If you own it for longer than 1 year it’s cg I think As non primary residence? So it’s based on time and not $ gain? Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 2, 2020 Share Posted March 2, 2020 1 minute ago, SSFB said: As non primary residence? So it’s based on time and not $ gain? Yes time....I could be wrong Quote Link to comment Share on other sites More sharing options...
1jkw Posted March 2, 2020 Share Posted March 2, 2020 Was 15% when we flipped one about 10 years ago. Quote Link to comment Share on other sites More sharing options...
irv Posted March 2, 2020 Share Posted March 2, 2020 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 2, 2020 Share Posted March 2, 2020 7 hours ago, AKIQPilot said: House flipping is what rich people do. If you can flip a property for big or even moderate profits it’s probably because the infrastructure in the area is appealing. The state or feds spend money to beautify the area and rich people take advantage of it. I feel the same way about capitol gains taxes. CG should be taxed at a flat rate somewhere in the 20-25% range. Why should the rich get taxed the same on their unearned income as you and I get taxed on our earned income. No it's not. Many middle class small contractors buying properties to Reno and sell. It's there livelyhood and they are far from being wealthy. What's next stocks, cause only the rich buy them. 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 2, 2020 Share Posted March 2, 2020 7 hours ago, spin_dry said: It’s corporate and mega investment business now. Large corporations buying and selling houses/rentals that should be going to first time home buyers. It’s the footprint of the billionaires. Are they flipping? No, they hold long term and build new rentals and renovate older ones. It's a long term strategy idiot. Quote Link to comment Share on other sites More sharing options...
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