$3 Million Home Selling For $10

This $3 million dollar home might sell for a paltry $10.

Category:

News & Politics

Tags:

• homes
• home buying
• home financing
• home prices
• home selling
• housing

[Naud1234]

Stupid income tax, the government gets 1 million dollars richer when the house is sold. I think no one who buys a ticket has that amount of money.

[pornoslut]

so what ever happened with this ????? did they get rid of the house

[StlyDutch]

Nice.

I'd give it a try if I was a millionaire.. but then again, if I was a millionaire, I'd just buy my own house.

[captwasabi]

@fridaynightovernight No, they mean income tax. Because the house was won in a raffle it is treated as income no different then if they won the lottery or any other raffle.

[captwasabi]

@motekmobile Typically you don't pay income tax when you buy a house, only when you sell it. Unfortunately as this is a raffle the house is a reward so it would fall under the income tax regulations as would any other lottery.

[Call1800POO]

@MommyKiller1 Well what a literary giant, you are!

[Call1800POO]

@dethknyte Hello detty, Not every place has the same tax laws as your neighborhood; winnings are not taxed in all anglo-american counties except the United States.

Cheers.

from,

del-boy.

[jbigboa]

@fridaynightovernight

No it is income Tax! Getting a $3M house for $10 mean you Just made 3M-10 in income you would have to pay taxes on the Money you made. IJust like when you when any prize you have to pay income tax on its value. Otherwise what to stop companies from paying their employees in items to skip the taxes.

[caganb]

You can buy a house there for $100k now. He thinks he will get $3m. What a joke

[alexherrera84]

lol his name is stacy LOL