Taxing these billionares this way would equate to taxing you for your houses value going up even though your not selling. Just like how proprty tax works in most states.
The more wealthy should be paying higher taxes, but im not sure wealth tax directly is the way to do it. But this isnt my area of expertise, so im not against it either.
Yeah sorry, I ended up giving a low effort nonsense reply to an equally nonsensical reply. Perpetual cycle of stupidity over here.
I meant to say we do tax unrealized gains with property but we also tax capital gains upon realization. The user before me said we “manage not tax things like houses and cars”.
We manage not tax things like houses and cars on unrealized gains. Why should stock or art, or anything be different?
We tax houses with unrealized gains when they sell, also.
Umm… when they sell… they are realized?
Taxing these billionares this way would equate to taxing you for your houses value going up even though your not selling. Just like how proprty tax works in most states.
The more wealthy should be paying higher taxes, but im not sure wealth tax directly is the way to do it. But this isnt my area of expertise, so im not against it either.
Yeah sorry, I ended up giving a low effort nonsense reply to an equally nonsensical reply. Perpetual cycle of stupidity over here.
I meant to say we do tax unrealized gains with property but we also tax capital gains upon realization. The user before me said we “manage not tax things like houses and cars”.
Umm. My brain is broken. Somone on the internet just admitted they were wrong.
Faith in humanity +10.