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Jerry and Tonya are married. They bought a house with $ 1 0 0 , 0 0 0 ten years ago and sold it for
Jerry and Tonya are married. They bought a house with $ ten years ago and sold it for $ today. They paid transaction costs of $ when selling.
Their marginal income tax rate equals and their marginal capital gain tax equals this year.
The home sale tax exemption enables them to save $ in tax payment.
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