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Originally Posted by Spoon1
LOL
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LOL what? Are you some kind of idiot?
His argument is perfectly consistent and, IMO, completely correct. I don't believe anyone should get free capital gains, whether you choose to live in a house or not.* When you realise your gains, if we as a society believe that the source of someone's wealth should not be a determinant factor on whether a person gets taxed or not (i.e. tax on income but no tax on capital gains), there is no principled reason why owner occupied homes should be exempt.
Oh and LOL @ Fixed_Imbecile -- have you heard of dividends?
* Of course, if you are arguing that "I gotta buy a similar house at today's purchase price", you must realise that in your world people can just trade down and pocket capital gains tax-free.