Replies

1. Exempt capital gains on the sale of a primary residence from taxes (this is already in the tax code).

2. Provide a uniform annual tax exemption of $25,000 or so for all homeowners (regardless of the value of their homes) to cover the cost of insurance, maintenance, and local taxes.

1. Exempt capital gains on the sale of a primary residence from taxes (this is already in the tax code). 2. Provide a uniform annual tax exemption of $25,000 or so for all homeowners (regardless of the value of their homes) to cover the cost of insurance, maintenance, and local taxes.

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These are your ideas? The first would be diminished in its usefulness since there would be fewer buyers if the mtge tax exemption goes away.

The second is just plain silly...you suggest that the owner of a $60k pre-fab house on a slab in a county with a tax structure that would impose a tax of maybe a grand a year should be gifted with $25k every year by the rest of us? Incredible.

"Provide a uniform annual tax exemption of $25,000 or so for all homeowners (regardless of the value of their homes) to cover the cost of insurance, maintenance, and local taxes."

I know your intentions are good here Alberta's Child but even if this was the ONLY exemption it would be wrong. While I own my own house and have for 35+ years, I know the people who rent are paying taxes that are buried in their monthly rent bill.

If you look at all the "what about me, or what about this deduction, or what about this loop hole" on just this one taxed based thread you can see how wrong this social engineering via the tax code has become. It will never be just one or two or two hundred deductions if you allow the tax code to be a vehicle for social engineering.

I am surprised to see such support for the government awarding special favors to some of us that do the RIGHT thing in the Master's mind.

Remember there can always be another bill clinton in the Whitehouse and do we want that scum to determine what is good for us?