"What kind of tax exceeds the total income revenue made on a sale?"
A sale of a property that carries a high debt.
"If the sale is a loss of revenue, isn't that a deductible amount?"
That depends on how revenue is reported.
" or if you really underwater you could file bankruptcy."
And that "makes me smart' according to The Donald.
"If taxes on the sale of property are so high that anyone can not afford to sale, then people need a new government."
Why would one buy and /or hold property in that jurisdiction? Blame someone else, 'the government' for your own stupidity, why don't you?
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+2/-0 TheCrow 12/8/2021 7:48:48 PM