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RE: Buy a home for $200,000....


Real estate and art are separate issues; the former sensitives to the will of congress and the taxpayer,art because it is not a commodity. If that was not the case all revenue(subtracted by cost and depreciation) earned by US companions would be taxed as 'capital gains ' which it is not, hence the complicated institution of business law to avoid overt taxation. Fortunes were and are made in real estate for good reason. Oil, gold, air line, Amazon pay their taxes not as capital gains but income.


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