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Thumb of Michigan | You're losing me with your post, Galaxie.
1. What does your 40% C tax and Obamacare 4% have to do with a land sale?
2. You use a $5 million land sale as an example. You didn't mention the basis, but lets say its $1 million for example. Or any number you want, doesn't matter. But at a $4 million capital gain, what is the tax owed that you calculated? My number I calculated was - significant. How did you arrive at the last line calculations? Just curious..... | |
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1031 exchange
