[MATCHBX]

Originally Posted by john

YOU HAVE NO IDEA AT ALL WHAT CAPITAL GAINS TAX IS.

If you want to post about it, do some reading first. A house refinance is not a taxable event, buying a car is not a tax deduction, and capital gains has nothing to do with a higher than regular income.

Sorry that I misspoke myself. It was a home improvement loan that she needed use up the money from. She wasn't looking for a tax deduction, just not get hit at the end of the year.

And yes I do know about capital gains tax. I was generalizing when I typed instead of reciting volumes of text from the IRS site. There are a few levels of tax rates for the long terms and short terms are at income tax levels. These things I do know as well as others. I just don't feel the need for typing everything all at once. So is there anything else that you want to recite from the tax code to me? I'm not trying to be a dick, but when you come after many people like a pompous ass, you're gonna get it back a little.