Sunday, February 9, 2014

Sean Hannity's Home Up 4 Sale

Looks like even though Sean Hannity bluffed about being 'water boarded' he's making good on his threat to move out of his home on Long Island. Currently his home is listed on a multilisting real estate site for $3.6M. The taxes on the home are listed at almost $57,000.

That may seem to be a lot for taxes but for 52 year old Sean Hannity who is said to have a net worth of $35M it's not all that outrageous as he makes things out to be in my opinion. Remember too real estate taxes are IRS deductible. That should help him out by paying for a few suits (probably also a deductible business expense).

Here's a bit of a comparison for Sean to the average smuck. The asking price represents about 10% of what's said to be Sean's net worth. What's your net worth ratio compared to the value of your home?

That's the reason why I don't think anyone should be hosting a pity party for him. No I'm not envious of his wealth, but here's a guy who could pay $4M cash for another home and still have $31M left over and continues to bitch about paying taxes. Seems to me the guy's doing alright for himself. I'd be quite certain when he negotiates his contract his accountants already have in mind a net figure and inflate his gross salary request based on that figure.

None of us like paying taxes either, but how many of us could use just 10% of our assets to buy a new home for cash and then expect empathy when we would bitch about it?

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