Reference:
We have earned our profit. How we choose to 'spend' it is surely up to us?
How have you earned it though? You bought your house for an agreed amount .......you have paid for it and lived in it. Once the mortgage was paid you lived there without a monthly payment .................we are the same (although still paying). You really haven't 'earned' the profit though have you? It's all to do with market forces ......i'm sure you worked hard to pay back your sixty grand .............any profit made after having a home to live in and bring up a family is a bonus ..........why begrudge the tax levy on what's left as inheritance ............as I say - I really dont see it as 'earned' income ................i can see I'm on my own here.