It amazes me how these cnn panelist are always trying to “school” Kevin O’Leary on things that he has a lifetime of experience in that they have never done SMH
the limits were demanded by the democrats
as well the sunset cluses by democrats
when we sold our home in Illinois
Illinois charged a state tax the country charged a tax & the city charged a tax
If we sold our parents house for $750,000 that 65 years ago cost them $40,000. an split it 4 ways the government would be taking away a big chunk of our retirement
the limits were demanded by the democrats
as well the sunset cluses by democrats
when we sold our home in Illinois
Illinois charged a state tax the country charged a tax & the city charged a tax
Hope you made the right choice and moved out of Illinois after you sold your home and had the money you received STOLEN from you by 3 governments.
If we sold our parents house for $750,000 that 65 years ago cost them $40,000. an split it 4 ways the government would be taking away a big chunk of our retirement
OVER HALF of that gain would have been inflation alone.
SO WHY DO WE HAVE TO PAY TAX ON INFLATION ????