Is this true

[888888]

http://sports.yahoo.com/blogs/golf-...wife-bulldozes-12-million-home-232405259.html

wow does being rich not make you smart. but it sure lets you have it your way!

 

[Lukey]

Sure, what the heck. It's a "tax loss." You guys tax the sh*t out of millionaires and they suddenly have incentives to do stupid things that generate losses.

 

[Citizen]

Um, you can't use bulldozing your own home as a loss for tax purposes, so your statement appears to be B/S

 

[Lukey]

Um, you can't use bulldozing your own home as a loss for tax purposes, so your statement appears to be B/S

You would probably know. Anyway, it depends on how it was bought. Might be an investment property, in which case, you can.

 

[GordonGecko]

Sure, what the heck. It's a "tax loss." You guys tax the sh*t out of millionaires and they suddenly have incentives to do stupid things that generate losses.

As with all posts from Lukey....I believe the term is "plutophilia". Adoration or excessive love of those that are wealthy.