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cliffvb

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cliffvb

Re: ChrisJP post# 95949

Wednesday, 01/16/2019 9:00:26 AM

Wednesday, January 16, 2019 9:00:26 AM

Post# of 194687
"She may not be aware of how much money wealthy people get through long term capital gains which currently are only taxed at 20%. "

Hi Chris, If that is done, there should also be an inflation adjustment for very long term capital gains. I will have a large tax bill on a property that I owned for 30 years. Much of the gain is eaten up by inflation, but there is no adjustment for that in the tax code.
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