pajamaset

pajamaset t1_j8wfeq8 wrote

Yes, as u/syst3x said, Dr. Huang is the way. After our first was born prematurely, we would not have had a second go without him. No one makes me feel safer, more respected, or more included in my care. He is a clear communicator, never rushes you, he explains every choice before you and is completely transparent.

After our experience with infertility, when our ivf discharge nurse recommended him, we decided to take the rec and I have never in my life been so grateful that I did.

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pajamaset t1_ivuz700 wrote

I’m not biased I just know super wealthy people, people working in startups, people living in and selling extremely expensive homes. We are upper middle class and I promise you this tax does only good for us, no harm at all.

Over the summer our friends sold their house for $1.3 million more than they purchased it. Their capital gains were nowhere near a million dollars because of their capital improvements.

I know you think I’m biased but you seem emotional. You feel like some day this tax could cost $.04 for every dollar over a million that you make in a year, but you’re not being logical at all. The likelihood that you ever make $1,000,001 in a single year is very low.

Theoretically, let’s say you have an income of $150k and you sell your house for $1,000,000 more than you spent on it with no qualifying capital improvements. That means you’ll pay an extra $6k in taxes. Given that you just sold your house and made seven figures, I think you can afford the $6k and also likely won’t feel it much.

But, let’s also look at absolute numbers for home prices since the recession. If you spent $500k in 2008 on a house, and it has appreciated 60%, that means the house is now worth $800k, for a gain of $300k. That means in order to feel this tax for even $.04, you would need an annual income of $700,001.

In the event of a windfall that sets your annual income — even for a year — at a million dollars, I’d argue that you’re no longer middle class.

I just think you are proving the whole temporarily embarrassed millionaire thing and it’s not a great look.

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