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Welcome to the bonus show.

The new tax proposal from the orange oracle, the mango menace, the tangerine terror.

Yeah, anyway, I ran out of, ran out of other ones.

Trump is floating no tax on capital gains for home sales.

Now here's what's really important to know. There is already a law where you're

allowed to profit $250,000 as an individual or $500,000 as a married couple filing jointly

when you sell a house. So what this means quite simply is if you buy a

house for $250,000 and you sell it for $500,000, you made $250,000 in capital gains, but you don't

pay taxes. There's an exemption on those $250,000 in gains. If you're a married couple, you could buy a house for 250, sell it for 750 and you would

pay no capital gains tax.

But above and beyond that, you would pay capital gains.

I will mention as we get into what Trump's proposing that since 1997, those numbers have

been the same.

So it hasn't been indexed for inflation.

It probably should be.

It's been 28 years.

And so if you index the 250 and the 500 for inflation, you would have higher numbers at this

point in time.

What Trump is now considering is to end capital gains taxes on properties altogether. And it's all sort of directed at the Fed. Trump

mentioned if the Fed lowered rates, we wouldn't have to do this because then mortgages

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