Quote:

...an Obama tax plan that would raise taxes only on people making more than $250,000 a year,......


Regarding Senator Obama's plan to raise taxes on anyone who makes over $250,000 a year, I wish that McCain would have asked this question :

Will Senator Obama's plan to tax anyone who makes over $250,000 in a year affect someone who sells their home where their profit puts them at an income level that brings them over $250,000 for that tax year?

Under a bill that was passed several years ago, homeowners who sell their primary residence are allowed to take a ONE time tax exemption on the profits made from the sale of their home ( I believe the one time exemption is up to $500,000).

I wonder how Senator Obama's potential tax plan affects that homeowner's right to that one time tax exemption.


Don Cardi cool

Five - ten years from now, they're gonna wish there was American Cosa Nostra. Five - ten years from now, they're gonna miss John Gotti.