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ive been predicting this for years,and think its a great thing.
fair is fair.
why should somebody selling a 100k Camaro on ebay not have to pay capital gains taxes on the sale,but if i sold a 100k house,i would have to report any gains as income?
this should end the blatant tax fraud committed by ebayers every day.
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Not to rub it in but up here in Canada we do not pay taxes on profits from the sale of residential property (nor do we pay tax on lottery winnings!)
