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<blockquote data-quote="brett636" data-source="post: 687691" data-attributes="member: 249">Re: Obamanation here todayThis is true.&nbsp; I usually advise my clients to do what you stated, or depending on when they bought the home they can amend their 2008 return and claim the credit as well.&nbsp; Its also a good idea to include a copy of the closing statements when mailing too.&nbsp;In actuality that Capital Gains tax rate is too high.&nbsp; Capital Gains is related to investments, and the more investment taking place means more jobs for people like you so you can come on here and complain about the evil rich people holding you down.&nbsp; There is also a precedence that shows the government rakes in more tax revenue when they drop the capital gains tax rate because people invest more.&nbsp; Then again, you view the government as a great equalizer stepping on people who you view to be evil simply because they were able to get more ahead in life than you.&nbsp; Do you ever think about how pathetic you are believing this?&nbsp; I am not going to waste my time explaining to you the tax code in detail, but if you want to know more, go get a copy of a pub. 17 from the IRS and learn it yourself.&nbsp; What I don&#039;t think is fair with the tax code are people who make $10k, claim to support 3 kids, and get 60% or more of their entire yearly income as a tax refund when they did not contribute a penny themselves.&nbsp; Its the same as welfare, only they call it the earned income credit.</blockquote>

[QUOTE="brett636, post: 687691, member: 249"] [b]Re: Obamanation here today[/b] This is true. I usually advise my clients to do what you stated, or depending on when they bought the home they can amend their 2008 return and claim the credit as well. Its also a good idea to include a copy of the closing statements when mailing too. In actuality that Capital Gains tax rate is too high. Capital Gains is related to investments, and the more investment taking place means more jobs for people like you so you can come on here and complain about the evil rich people holding you down. There is also a precedence that shows the government rakes in more tax revenue when they drop the capital gains tax rate because people invest more. Then again, you view the government as a great equalizer stepping on people who you view to be evil simply because they were able to get more ahead in life than you. Do you ever think about how pathetic you are believing this? I am not going to waste my time explaining to you the tax code in detail, but if you want to know more, go get a copy of a pub. 17 from the IRS and learn it yourself. What I don't think is fair with the tax code are people who make $10k, claim to support 3 kids, and get 60% or more of their entire yearly income as a tax refund when they did not contribute a penny themselves. Its the same as welfare, only they call it the earned income credit. [/QUOTE]

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