In Reply to: Buy a home for $200,000.... posted by Ivan303 on May 1, 2021 at 09:49:30:
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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Follow Ups
- RE: Buy a home for $200,000.... - Utley1 05/1/2110:03:56 05/1/21 (13)
- If I find a Rembrandt at a garage sale... - Ivan303 10:33:01 05/1/21 (12)
- Psssst.... - tinear 12:42:22 05/1/21 (0)
- RE: If I find a Rembrandt at a garage sale... - rivervalley817 10:54:30 05/1/21 (0)
- RE: If I find a Rembrandt at a garage sale... - Utley1 10:51:19 05/1/21 (1)
- RE: If I find a Rembrandt at a garage sale... - rivervalley817 11:15:37 05/1/21 (0)
- RE: If I find a Rembrandt at a garage sale... - Utley1 10:47:17 05/1/21 (7)
- Hmmmmm........ - Ross 15:11:13 05/2/21 (0)
- A Giotto? I could only find this: - tinear 12:48:16 05/1/21 (4)
- RE: A Giotto? I could only find this: - Utley1 13:15:35 05/1/21 (0)
- RE: A Giotto? I could only find this: - Utley1 13:03:19 05/1/21 (2)
- I wouldn't burn a Cimabue in the fireplace... nt - tinear 06:37:57 05/2/21 (1)
- RE: I wouldn't burn a Cimabue in the fireplace... nt - Utley1 08:47:41 05/2/21 (0)
- RE: If I find a Rembrandt at a garage sale... - rivervalley817 11:09:35 05/1/21 (0)