[s1artibartfast]

In the US at least, there are many ways to avoid paying any taxes on home sales. You get a 500k tax deduction every 2 years for primary residence swaps, or do a 1031 exchange to avoid taxes on rentals.

I had a peer and we both made 120k with 35% taxes. In the last 10 years he made 2.5 million trading up houses tax free. Roughly 2x our salary per year tax free.

A lot of jealousy going around. I try to say good for him, but a lot of people have more trouble with that.

[zionic]

>35% taxes at 120k

Your real tax rate is likely close to 50%. You’re almost certainly not including payroll tax, sales tax, and property taxes in that number at that income level.

[s1artibartfast]

I was talking abut income tax, so Parole yes, sales and property no.

I also excluded registration and Licensing fees, and capital gains.