this post was submitted on 23 Aug 2024
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They have social security and some of them have savings. My mom is planning to retire in West Virginia and she's already planning on selling her current residence to build a house there. She chose a low property tax state on purpose.
At this point she would only receive social security and start to go through her savings to live. You want to start charging her federal taxes the moment her property is worth $1 more than what she bought it for, even though she's on fixed income.
Yup. And then credit it against standard deduction rates so that ๐คกs owning multiple unoccupied homes pay real amounts while your grandmother pays pennies
Like a normal tax system, you doink
She owns one home now and one plot of land. She doesn't own multiple unoccupied homes. She's also my mother, not my grandmother
Are you a bot or something?
Please answer in ASCII semaphore or French if you don't know semaphore.
I don't know French, but here:
O O O
Close enough?