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Well, capital gains tax is just like regular income tax here in the states when the numbers are big.... What? So you don't work and make a boat load of money just because you have to give 30-40% of it toward taxes...Same as Capital gains taxes... Loop holes or not, real property sales...

How about LEXTREME, David himself!!!...Keeps the forum going, chimes in when every he can and offers good advice on most threads... Helps mostly anyone whom asks for it.. Yet, he always fly's under the radar and goes un-noticed most of the time... I say it's gotta be LEX - for man of the...

Well, here in the States, if you live in your own home for 2 out of the last 5 years before you sell it you are entitled to a $250,000 free capital gains tax exemption..If your married your wife and you are both entitled too $250k each.. So a married couple living in their home for two years...

I'm moving to Australia...That's huge!!!!

Well, John thanks.... Well, as far home equity lines of credit are concerned, I believe if you must go into debt it's better to use an equity line over credit cards...Reason being that the interest paid year to date will be a tax write off where credit card interest is not.. Also the monthy...

$50,000 equity line on my house which I am embarrassed to say now.... I did have a 0 balance and an interest rate of 5%...Combined with some money in a savings account which I may have or may not have used at time....... That idea quickly flew out the window when the financial blows started to...

Yeah, I know exactly what both of you gents are saying... Living within your financial means is the "smart" way to live your life... Still, if you lose your job and your monthly income and you carry a large debt on your personal home you may still suffer... In a down market your stocks are now...

You're right Rod in many ways.... However, if everyone in the world took your financial view at how to use credit cards, the credit card companies and banks would surely go out of business because they would no longer recieve any interest payments from credit card and lending debt.... All...

Chrysler is obviously hurting big time... Check out this article and it was just on the news today.. http://ktar.com/?nid=48&sid=1010861

I believe credit card debt and easy bank lending in recent past years is the main culprit for this recession... I have a friend with $75,000 worth of credit card debt that he can no longer pay back because he too had to shut down his furniture business and go out of business.... He was...

WOW, those are some really nice looking Lexus's.... Nicest ones I've seen in a long time... They make my SC400 look old...:rant:

A little story - My sister and brother in law only drive and own Diesel cars and trucks.. Ford Expedition and a new VW bug.. They also converted their diesel cars and trucks to run off bio-diesel. My brother in-law works with restaurants and gets the spent cooking oils practically for free...

Ed, I am truely flattered by the fact that you gravitate to my quotes like you do..... It's all good though as long as you are amused....I was making a joke when I wrote those comments.....:nana:

With oil it's not all about the supply and demand that raises and lowers the price but it's all about the price of oil per barrel... Stock market and what not... That never really made any sense to me...:thinking:

OJ is broke so the answer is no... Funny though.:haha: Actually, I don't see OJ being released in 9 years either...What parol board would let him out early? OJ is ruined finally.. Lex, are you bidding for the open seat? I don't think Obama is going to be involved in this scandal as they...

Wow Steve, sounds like a conspiracy theory to me...... Maybe true, you just never know... I tell you, I'm really disturbed by this Presidential pardoning crap that is going on at the end of each Presidential term...First it was Clinton as he released many hardened criminals for financial...

Yeah CJ, I know but I still like the current petrol prices anyways..:yup: ... I never thought I would ever see it this low, ever..... I guess you can say I am bit shocked at the moment as I just remember pumping it at over $4 per gallon... That's all.. Fill ups were $80 Now $35 in the ole...