vikaasa t1_iuezsbb wrote on October 30, 2022 at 8:42 PM

Reply to comment by NightWalk77 in The face of opposition to Question 1 admits proposed tax wouldn’t hurt him much: ‘I’m not struggling’ - The Boston Globe by petepont

The point is they may not be making a million every year, it may be a one off sale of their only home (life savings).

NightWalk77 t1_iufmowe wrote on October 30, 2022 at 11:21 PM

Then they only pay the 4% marginal tax rate once for what ever is over the million. Most homes do NOT sell for over a million. This does NOT tax savings.