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Obama vs. Mccain: Implications as a homeowner?

September 16th, 2008 categories: Coconut Grove Real Estate

Barack Obama and John Mccain do seem to agree on one thing.  Neither will change the existing tax laws with regards to profits from home sales.

Both Barack Obama and John Mccain will continue to exempt the first $250,000 of gain from the sale of a primary residence ($500,000 for a married couple) which will result in zero tax implications on all but a very few home sales.

This information is taken from the Urban Bookings Tax Policy Center, a non-partisan website.  Click here to view a full report of their tax plans.

This entry was posted on Tuesday, September 16th, 2008 at 10:34 am and is filed under Coconut Grove Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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