Replies to post #85845 on Tornado Alley (PROG)

[fuagf]

G'day whale, yeah money directly into the economy sure helps, short term anyway.

I cringed at the scrapping of all the cars, too.

It's like throwing away unused food at restaurants.

[sideeki]

Another easily done thing to help some people would be a simple change in the tax code to allow people to deduct their capital LOSS on selling a home.

Right now you pay taxes on a home sale gain but can't deduct any loss. Why? Also increase the $3,000 capital loss writeoff each year up to the limit of taxes due that year for the amount of home sale loss and carry that over until it is gone.