alt Hacker NewsHuh, 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.
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.
There’s a certain amount of independence between municipalities, counties, states, and the federal government.
Except in a minority of cases (e.g. NYC), it is states and the federal government that taxes income and capital gains, and they are already not taxing citizens on the y realized value of their home.
So if one is upset about that, you have to take it up with local elections or introduce a measure with your state to prevent municipalities from levying this specific tax.