[john]

I will make a correction to a post without quoting as I have probably filled an entire page.

Regarding capital gains rates, selling a property in the 0-1 year range is considered a short term capital gain, which is taxed at ordinary income rates. Most of these are businesses where it is ordinary income anyhow.

I am done posting on this. We may want to closes this soon before people start getting stupider from reading it.