By Invitation Only

[Wally]

Seconds highest in the country, huh? That sucks.

These Yahoo's will vote for the same tax n' spend libs in TN. They can't or refuse to connect the dots?

 

[Brownslave688]

These state governments are crazy. I was talking to my sister yesterday who bought a duplex in Encinitas, CA years ago. I know it’s worth over a million now and she wants to sell it for retirement, but can’t. CA has no capital gains and all money she makes on a sale would be taxable as income. She said she’d be better off to continue renting it.

And this is the piece of work that'll almost certainly be our next governor.

For J.B. Pritzker, mansion’s disrepair has saved $230K in taxes

 

[Wally]

These state governments are crazy. I was talking to my sister yesterday who bought a duplex in Encinitas, CA years ago. I know it’s worth over a million now and she wants to sell it for retirement, but can’t. CA has no capital gains and all money she makes on a sale would be taxable as income. She said she’d be better off to continue renting it.

A good CPA-tax expert would do a like-kind (1031) exchange.

 

[Brownslave688]

These Yahoo's will vote for the same tax n' spend libs in TN. They can't or refuse to connect the dots?

Not the ones that are leaving.

 

[Wally]

Yeah and all of states around Illinois are significantly lower. That's not good for Illinois.

I deliver to neighborhoods full of houses that are full brick and stone with walkout basements. There are literally NO houses like that in my town. Not even the people with money. Almost all of the homes are vinyl siding to avoid the tax cost.

Those homes here would probably pay $700 a month or more in taxes. Where I deliver they may pay $200 a month.

I have customers paying 20k a year in property tax.

 

[Brownslave688]

I have customers paying 20k a year in property tax.

In the cities in Illinois that's not uncommon at all.


My brother in laws neighbor moved because she was paying 10k A MONTH in property taxes.

 

[burrheadd]

Who in the world would rent a window AC? Why not buy your own?

Did just have some four way action Sunday night

Did the dude try and touch your balls

 

[Operational needs]

Did the dude try and touch your balls

Not mine! Lol.

 

[MAKAVELI]

These state governments are crazy. I was talking to my sister yesterday who bought a duplex in Encinitas, CA years ago. I know it’s worth over a million now and she wants to sell it for retirement, but can’t. CA has no capital gains and all money she makes on a sale would be taxable as income. She said she’d be better off to continue renting it.

There is a $250, 000 exemption, 500000 for married couples per year on profits of personal real estate. But to qualify she would have had to lived in the house 2 of the past 5 years.

 

[Operational needs]

There is a $250, 000 exemption, 500000 for married couples per year on profits of personal real estate. But to qualify she would have had to lived in the house 2 of the past 5 years.

She probably hasn’t lived in the house in 20 years. Lol.

 

[Returntosender]

Who in the world would rent a window AC? Why not buy your own?

 

[Brownslave688]

Lmfao

 

[oldngray]

@Wally

 

[Brownslave688]

Did the dude try and touch your balls

No just his wife

 

[burrheadd]

Not mine! Lol.

My bad didn’t know you were involved

 

[Operational needs]

View attachment 210982

I definitely remember!

 

[Operational needs]

My bad didn’t know you were involved

lol. You quoted me too.

 

[Wally]

In the cities in Illinois that's not uncommon at all.


My brother in laws neighbor moved because she was paying 10k A MONTH in property taxes.

That must be one massive home.

 

[oldngray]

 

[Operational needs]

Good thing she came out because there was no way I was going into that jungle. She said she had a house full of males and none would cut the grass.