Trump backs court case to allow insurers to deny coverage based on pre-existing conditions and to charge people more based on their health status. He has asked that these provisions not be overturned until after the Midterms for political reasons.
This week in Fascism. Justice department seizes NYTimes reporter’s phone and email records.
This week in corrupt private prisons…
Hillary Clinton talks about the current ICE situation separating kids from families.
Didn’t see much coverage of last weekend’s protests, but they did happen. #familiesbelongtogether
You had one job
Journalists need to call lies lies
How Ireland cock-blocked bad behavior online
A pep talk about how we all need to help make the Blue Wave happen.
training for college student organizers
Some discussion about the cake ruling
Spoiler: It is not wrong to shame shamers!
A good counterpoint to some financial advice for “teh poors”.
It is ok to want more money!
We are currently unable to comment on several blogspot blogs. (We’ve also been able to comment but probably got sent directly to spam by Miser Mom’s blog…) So we can’t comment on this post by Something Remarkable. Neither of us has sold a house, so we don’t know! But if you’re asking, is there a really big amount that you’re allowed to get for capital gains on a primary residence that you’ve lived in a longish time without paying federal taxes, the answer is yes (and here’s an updated for 2018 post on the topic). Looking at the comments today it looks like you were asking a much simpler question though. You’re asking: If I bought a house for 100K, and I have 50K remaining that I owe on the house if I pay it off today, and the buyers pay $200K for my house, then how much cash do I get when the transaction is complete… you should bet 200-50 = 150K, minus transaction costs. (Note– this is what Amanda E Perrine said in the comments.) I don’t think that’s the same as your equation, though I’m not clear on a couple of the variables in it. Your capital gains would be a more complicated question, one that takes into account your purchase price and then I think some upkeep stuff but I’m not 100% sure, but if your current price is similar to your original purchase price, then there’s no way you’re going to have to pay capital gains so you shouldn’t need to dig up improvement documents. As for the deep existential questions posed in the comments, SUNK COSTS. (But you do you.)
This person has good taste– I will have to check out her other recs
Q: What do you do?
A: I’m an economist
Q: Oh, what stocks should I pick?
(This is why one of hobbies is personal finance: true story.)