Clinton Presidency could spell doom for Flippers like me..

[Mike Jones]

I'm more of a long term Flipper, holding properties for a year or more which allows me to do additions to add equity and my whole strategy has revolved around long term capital gains..

I'm very concerned that she will raise long term gains like Obama did, who brought it from 15 - 20%. I hear she might bring it up to 40% to fund more immigration and also add an extra sales tax on RE transactions. Seems building permits have also gone up since Obama has been in office.

My margins have already been pretty low in this slowing RE market, I feel she would spell doom for me, all the people I employ and the many other Flippers who utilize the same strategy..

Any one else feel this concern??

[J Scott]

Hate to burst your bubble, but if you're flipping these houses, they DON'T qualify for capital gains treatment, regardless of how long you're holding them.  Flipping income is considered ordinary business income -- as such, you'll likely pay taxes as your marginal tax rate, plus self-employment taxes.

On the bright side, you can now base your voting decision on other stuff...