08-23-2007, 10:11 AM
Smells like a SCAM to me.
Must be the line you tell all your out of state investors? Hmmm, if it's such a cool idea then why don't the make Hawaiian residents pay it too?
Scam?! Eric, too many sellers "bailed" on paying the capital gains tax to the State of Hawaii and that's why the law was enacted. Again, it's not a payment, it's a withholding and as the other John pointed it out, it's not withheld from the residents because we file State of Hawaii tax forms.
Aloha,
John S. Rabi, ABR,CM,CRB,FHS,RB
http://www.JohnRabi.com
Typically Tropical Properties
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