Off-Topic: You assume a lot GF....much that you can't know

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	Name:	MartiniMan -
	Subject:	You assume a lot GF....much that you can't know
	Date:	6/16/2010 12:35:35 PM

How do you know it was jointly owned? In fact, I will take the position that the house was in her Mom's name so there is no step up. Now assuming the house was in her name does that change your calculation? Besides, I never said they paid any tax on the home because I don't know their personal business. I merely used a real life scenario to point out middle class people can indeed have a large gain on a home they own that could indeed trigger the tax.

And you never did respond to all those middle class folks in the overheated markets that made more than $500K on their homes. I suppose if they won the home value lottery they don't deserve all that money anyway. It needs to go the government to be redistributed to those unlucky folks who didn't make a good financial decisions, sacrificed by not constantly trading up homes, etc.

You see GF, even when you think you are right you are still left. :-)