Updated over 3 years ago on . Most recent reply
California Bill 1771 to tax you an extra 25%
Assembly Bill 1771 by Chris Ward will impose a 25% tax on all net capital gain from the sale or exchange of homes or properties. Qualified taxpayers who buy and then sell a house within 3 years need to pay the tax. All revenue from the tax would go to the Speculation Recapture Community Reinvestment Fund. https://leginfo.legislature.ca... you trust them to spend the money on big salaries and stuff