It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: bigfatfurrytexan
a reply to: toolgal462
my mother is not wealty. She lives off her social security, and i pay her bills because she lives with me. She has 2 rent houses that actually cost us money, but I hold on to them because she wants to leave them to someone when she passes one day.
Last year, for the first time in her life, she earned 100k. This was almost 100% capital gains related due to the sale of properties that were used to pay down unpaid taxes. She is anything but wealthy, as I said. Even the 2 rent houses she still owns are worth very little because of property values in the town they are in.
THis year she's gotten nothing. No $1200. No tax breaks or anything.
Some of the hurdles that are being used as gates for these decisions are not really that great.