[Vision2020] Tax breaks

[Ralph Nielsen]

Donovan,

Just be glad your property has not depreciated in value. Sell it and  
be glad you made a profit. Take the money and run to the bank or,  
better yet, reinvest it. That's how capitalism works.

Ralph


On Feb 10, 2009, at 9:12 PM, Donovan Arnold wrote:

> I don't know Ralph.
>
> My family has a cabin on Lake CDA. Many of the people in those  
> cabins have had them for decades and generations as vacation places  
> because they couldn't afford to go anywhere else. They aren't rich,  
> they just had the homes because they were cheap when they bought  
> them or built them. Now, those simple cabin homes go for $100,000s  
> and even millions because of people in big cities want getaways. To  
> tax Spokane and Washington residents and local Idahoians huge  
> amounts forcing them to forfeit a piece of their family history  
> seems wrong.
>
> If you put a grandfather clause in there, I might see an exception.  
> It is hard to save your cabin that your family built for $5,000 in  
> 1948 because a Californian is willing to buy it for $700,000 and  
> you get taxed on it more than you make.
>
> Best Regards,
>
> Donovan
>
>
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