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Latest revision as of 15:13, 16 May 2026


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We hear a lot about income taxes, however, many people can never predict just exactly how much income-related taxes they're spending money. We're taxed by both our federal government and our state. Being the federal government takes the lion's share, I'll pay its free stuff.

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You can get done even better than the capital gains rate if, instead of selling, merely do a cash-out re-finance. The proceeds are tax-free! By the time you figure in taxes and selling costs, you could come out better by re-financing much more cash in your pocket than if you sold it outright, plus you still own the house and in order to benefit in the income on face value!

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