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Jill bought a house for $ 8 0 0 , 0 0 0 and sold it for $ 1 million after 5 years. She made
Jill bought a house for $ and sold it for $ million after years. She made no improvement on the house. When she was selling, she paid various fees and commissions; the total amount of such costs was of the selling price. Her average capital gain tax rate was and her marginal capital gain tax rate was She was single. Her aftertax income increased by $ if she took home sale tax exemption.
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