Taxes on Capital Gains for those making under 400k a year is terrible. How do middle class americans get ahead at all. Being taxed 38% of your equity you have built in your home when you sale it is robbery! And for someone making under 400k or for the majority of people who are actually making under 200k per year to take this from them is terrible. Also, property tax needs to be done away with.
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I agree. Property tax needs to go. When someone pays home off they still need to pay the property tax. If they skip a payment or two of there property tax, they lose there home. Not good.
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END the FED.
ABOLISH the IRS.
ABOLISH PROPERTY TAXES.
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Karen, how about we respect the constitution and remove unconstitutional criminal extortion against property owners first, before we start figuring out how to pay for things without using other peopleâs money. Phrasing it the way you did, completely leaving out the unconstitutional and criminal aspect of property extortion, makes it seem like (not that you are) you are OK with county governments violating the Constitution, as long as the stolen loot pays for something that others can enjoy. I donât think we are required to come up with a new plan for revenue BEFORE we stop a crime in progress. The crime should stop immediately, regardless of outcome, would you not agree? Linda is completely justified to protest this extortion crime against others. Wrong is wrong, regardless of noble intentions, right?
All that aside, and answering your question, national tariffs overseen by the External Revenue Service and distributed amongst the states based on population density and critical infrastructure should serve as an acceptable constitutional replacement for funding drastically reduced state and county level employee rolls and expenses, easing such concerns that you might have about loosing something at the community level, donât you agree?
Property taxation is property extortion, and is criminal â plain and simple. It cannot be sugar-coated any other way. It should stop immediately, regardless of nobel intentions.
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There is absolutely nothing wrong with âplanningâ, as long as your planning does not involve the unconstitutional and criminal theft of othersâ hard-earned wealth and homes. After all, one cannot justify crimes by intended nobel causes, right?
You should not feel personally slighted, and I mean you no disrespect. These comments are generated with a larger audience in mind.
As requested, your defined terms are here: U.S. Constitution & the American People â vs. â county government fiscal-terrorism, treason, misprision of fraud and treason, extortion, improper use of taxpayer funds, theft and grand larceny, constitutional oath-breaking worthy of impeachment, organized crime and numerous RICO-style violations nationwide, and repeat violations of no less than 5 U.S. Constitutional Amendments. Does that satisfy your request for âdefined termsâ?
And your âhuge problemâ that suddenly concerns you, already existed prior to your post â and in precisely the manner by which you described it: A central entity (aka: county govt) is robbing wealth from property owners (who have absoultely no control of it).
My suggestion (although it does not remove âcontrolâ, yet merely shifts it), does however correct the present unconstitutional crime in progress. â a crime that violates multiple Amendments to our U.S. Constitution. And your suggestion for a solution isâŚwell⌠Nothing. Care to make a suggestion that does not involve abject extortion and the continued confiscation of American homes through unreasonable seizures?
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No it needs to be ELIMINATED PERIOD, END OF STORY!! Taxation is theft and if you read the tax code We the People are not the people that are supposed to be getting taxed PERIOD!!
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AGREE. It stops the crime, but does not âremove controlâ.
That to me is also a crime. Leaving the parasites and middle managers that facilitated and perpetrated the crime in the first place in position.
If any of these positions, or type of positions need to continue to exist. Responsible people with SERVICE AND REPRESENTIVE Mindset of conscience duty and obligation to the people need to fill them.
The government is here to serve the people, not We the people are here to prop up the government, and CERTAINLY NOT parasites and criminals!
In this free market, if it is indeed free, it must allow for and be responsive and adjust to deflation. But this is what they have been lying about, omitting, distracting, doing everything in their power to make sure we do not notice that deflation, re evaluations, downsizing should be happening. But these assholes are BEGGING US to get out the pitchforks and torches, tar and feathers. You canât get a crook to stop crooking on their own.
This is the short coming of current capitalism. Itâs not transparent, and if we knew the shystie scam this is, being used as a facade for theft, and wealth redistribution, no one would agree to the terms. The problem is they donât see it.
Stop the crime. Fire the criminal. Punish the criminal. What is controversial or offensive about that?
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There is an IRS exemption on capital gains for selling your primary home if you meet the qualifications - which most people can. The exemption is $250,000 for a single person and $500,000 for a married couple. Thatâs the amount of the gain, not the selling price of the home, so itâs a lot.
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The rate for long term capital gains tax is 20%, not 38%. However, depending on your state laws, you may also need to pay state income tax. Then the combined taxes may total 38%.
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A $400k income is well above what is considered âmiddle class.â
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State and local governments use property taxes to pay for schools, law enforcement, etc. So if property taxes are eliminated, these services will have to be paid for from taxes on something else. However, if the taxes are too high, then government expenditures are also likely too high. Make sure you vote in your state and local elections for candidates who want to eliminate wasteful spending and who support low taxes. Too many people ignore state and local elections and only vote in the national elections. State and local elections are just as important! With the internet, itâs much easier now to get information about state and local candidates than it was several years ago, so do your research and vote wisely.
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YesâŚthe replacement is called âTariffs and national sales taxâ, in the year 2025. The Rothschilds, Federal Reserve, and City of London are long dead, dear. You do need to keep up with the Trump Train. You sound like a political ghost out of the 1970s. Catch up with what is going on before you start spouting off tax advice and political tidbits from 1973. . 
Your antiquated system is being dumped as we speak. The dollar is worthless. Get with the program, dear. Tata!
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Susan, dear, you need to learn the difference between the federal government and the state and local governments. Trumpâs ideas would replace the federal income tax, not state and local taxes. Tata!
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Dear child, the bankrupt states will unconditionally accept Trumpâs tariff income and newly proposed national flat sales tax. All state economies are running on fumes and credit â they are economically dead. You simply cannot see it because you are myopic, sedintary, rigid, and with a fixed stare into the rear view mirror. Have faith dearâŚthe dynamic and forward-looking plan is slowly unfolding before us all. California and New York will scream the loudest before their eventual and complete capitulation. Care for a weeping tissue and some popcorn whilst we wait? :I gather, it shanât be long now â the hour is late. . 
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Midwit be peaking the approach of peak bell curve, lol.
REMEMBER TO VOOOOTE at state levels goys!
The sagest of profo und ity bitty wisdoms
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ALL taxes on ALL Capital Gains needs to be abolished regardless of how much money one made on their investments. People who took the time, energy and made sacrifices to invest their money should not have their money stolen by the âpowers that beâ - itâs NOT THEIR MONEY. Regardless of whether you made $20K on an investment or $20M - that money is YOURS and yours alone. PERIOD. All taxes are unconstitutional. Itâs all theft. Plain and simple.
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Well Donald Trump wants to get rid of the IRS and replace it with the ERS. So if he succeeds there probably wonât be anymore capital gains tax. Of course Iâm not sure he will be able to replace the revenue from income taxes with tariffs, but who knows with the money they are saving with DOGE maybe he can make it work. Governor Desantis is working on eliminating property taxes in Florida, so it will probably depend more on your governor than the federal government.
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We should eliminate all forms of income tax, Capital Gains being one of them. All income taxes should be replaced by the FairTax a consumption tax. No more filing taxes. No more embedded business taxes. Criminals will pay taxes. Households receive a monthly rebate. And many more advantages. Please consider the FairTax.
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Post Shifted
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End capital gains. Let us make money without being taxed on some things. Enough is enough.
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Property Taxes pay for public service like Police and Fire. They cannot be eliminated unless you also agree to never call the police or fire department. Better to focus on the Utilities and make sure they are not gouging the public they always raise rates (never lower them). An independent audit should happen and a reserve required to ensure repair and upgrade projects can be funded by the reserve not future rate increases.
Another option could be a reduction in property taxes (cut in half) when you pay off your mortgage or if you are over 65/70 years old.
Frank, you are so full of it. You sound like someone who was programmed in the 1970s and never learneed the truth in 50 years. And you obviously dont know that County Property taxes are unconsititional and involve multiple crimes against the people. Were you asleep or do you work for a county tax assessor and enjoy kickbacks from false property valuations?
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