alt Hacker News> Homeowners get taxed every year on the value of their property
By the local municipality, not the federal or state government.
Replies
bruce511 • last Monday at 3:44 PM
That's a different tax. Which speaks to my original point that the term "capital gains tax" is a thing, and seems to be misunderstood.
Tax on property is a completely different tax which works in a different way, and has a different name. A new tax on possession of robots could completely be a thing, but it just wouldn't be called a "capitol gains" tax.
hrimfaxi • last Monday at 2:59 PM
Is that a big distinction? Is there anything limiting the states from preempting municipalities and levying at the state level?
Huh, I could have sworn the goalposts were over here in the "tax it" debate, not the "ensure it is taxed by a specific entity" debate.