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Marcy currently pays 1 5 % in dividends and capital gains taxes and 3 5 % in ordinary income taxes. She expects to retire in

Marcy currently pays 15% in dividends and capital gains taxes and 35% in ordinary income taxes. She expects to retire in three years when her dividends and capital gains taxes will decline to 5% and her ordinary income taxes to 10%. Marcy has entered a contract with a buyer to purchase her home in 4 years for $422,000. Marcy is delighted at this sale price since she only paid $167,000 for the house last year. What are Marcy's taxes on this transaction?

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