Thats not entirely true, you would only have to pay that 35% if you sell your house and make a gain over a certain amount, IF you live in your home for more than 2 years, you do not have to pay capital gains taxes because it is your personal residence. Now if you sell investment property, and you have gains over a certain %, then you do have to pay capital gains.
You are almost right with the 'estate tax' but its closer to 50% after you factor in state enheritance taxes, and I totally agree that that tax should be eliminated. I am also not sure, but I don't think this tax was implemented by the current administration, I think this was passed around 2001. Also the estate tax is not imposed if the estate is passed to a spouse, or if the entire estate is less than 1,000,000 there is no federal estate tax imposed.
Re: Romney’s Successful Debate Plan: Lying
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