Question
Last year you bought a house for $200,000 and you sell the house this year for $230,000. Unfortunately, the government makes you pay taxes on
Last year you bought a house for $200,000 and you sell the house this year for $230,000. Unfortunately, the government makes you pay taxes on your capital gains. Assume that the capital gains tax rate is 20%. Over the year, the CPI increased from 110 to 121. What is your after-tax real tax return?
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International Economics
Authors: Robert C. Feenstra, Alan M. Taylor
3rd edition
978-1429278515, 142927851X, 978-1319029517, 1319029515, 978-1429278447
