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To: Logic n' Reason
Those are the folks and businesses that work so that they have the honor and good fortune to fork over some of what they earn to the state.

I'm retired and so is my wife. We are still taxpayers in Wisconsin (sales, property, & income) and will be 'till the day we move out or die. If we were to move, Wisconsin WILL clip you for "capital gains" on the sale of your residence if you invest in a new home out of state. Friend of mine fought it all the way to the WISC and lost.

Regards,
GtG

31 posted on 05/31/2011 1:56:53 PM PDT by Gandalf_The_Gray (I live in my own little world, I like it 'cuz they know me here.)
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To: Gandalf_The_Gray
I'm retired and so is my wife. We are still taxpayers in Wisconsin (sales, property, & income) and will be 'till the day we move out or die. If we were to move, Wisconsin WILL clip you for "capital gains" on the sale of your residence if you invest in a new home out of state. Friend of mine fought it all the way to the WISC and lost.

Was not at all aware of this; wonder how many other residents of WI know about it? Isn't age a "protector"?

Of course, the way the housing market in WI has been, the last thing most folks expect is "captial gains" upon the sale of a residence.

But very good to know nonetheless.

32 posted on 05/31/2011 2:08:24 PM PDT by Logic n' Reason (The stain must be ERADICATED....NOW!!)
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