Did I say mandatory? I meant optional! You’re “free” to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!

  • RubberDuck
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    42 months ago

    Or doing so, it counts the loan as income and is taxed accordingly. But seriously, the main aim itself can also be taxed. A house is…

    • @Goodie
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      02 months ago

      You’d have to put some controls in there for that solution to work. Hitting new homeowners with an immediate tax on “earning” $1,000,000 to pay for their house seems a bit cruel.

      • @Pacattack57
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        42 months ago

        The unrealized gains is for 100 millionaires or more. I don’t think there is anyone with 100million in unrealized home value.

        • @Goodie
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          -12 months ago

          I was talking for a hypothetical world where that law isn’t a thing and simply paying capital gains in “realized” gains is.

          Nut hey, yeah, sure, 100mil works too.

      • @[email protected]
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        12 months ago

        Capital gains are applied against a cost basis, in the case of your homeowner, their purchase price. Unless the house appreciates in value there is 0 capital gain, even if you made the mortgage a realization event and for some reason implemented this with no residence exemption or tax brackets. It’s mad how this point has to be repeatedly explained through this thread.