Citizen X • Feed
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Citizen X @mayoubhappy.bsky.social

Want to fix the housing shortage almost overnight? (And This Is Non-Partisan) Congress; Change The Capital Gains Tax Exemption to $500K For Single & $1 Million For Married. People would love 2 move out of their huge homes, where they years ago raised a family but now have no need for a 4 bedrm.

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apr 19, 2025, 12:55 pm • 9 3

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Sarah Somebody @not-here-for-it.bsky.social

No. No they wouldn't.

apr 19, 2025, 1:01 pm • 1 0 • view
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Citizen X @mayoubhappy.bsky.social

No. They probably won’t.

apr 19, 2025, 1:02 pm • 0 0 • view
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Kat @katfeast.bsky.social

You pay capital gains on your primary residence if you sell it? That can’t be right

apr 19, 2025, 1:02 pm • 0 0 • view
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Citizen X @mayoubhappy.bsky.social

Right now you pay capital gains after the first $250,000 of profit if you’re single and after the first $500,000 of profit if you’re married.

apr 19, 2025, 1:04 pm • 0 0 • view