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Taxes and ‘Gov. Devalue’

Boston condos

Boston condos

In case you missed it, there’s a pretty good debate going on below about Gov. Patrick’s call to effectively increase taxes on the gains on home sales in Massachusetts.

And, yes, we think it’s effectively a new tax designed to raise hundreds of millions of dollars and disguised as closing an exemption ‘loophole.’

Don’t think it’s a new tax? Tell yourself that when you have to write out a big fat check to the Department of Revenue after you sell a home, if the governor gets his way.

File under: Tax increase