alt Hacker NewsAnd it will never be repealed.
Old voters like the house they brought 20 years ago for 100k being worth 1.5 million today. They also like not paying taxes on that 1.4m in wealth accumulation.
Replies
pc86 • today at 10:08 PM
I think not wanting to pay some yearly tax on that $1.4 million because the government pretends that the same as having $1.4M cash in the bank, or making $1.4M in a year, is fine.
Not wanting to pay the property taxes associated with a $1.5M home is the problem.
➕ show 1 reply
fhn • today at 10:37 PM
what reasonable persons wants to pay taxes? Just because you like to pay extra doesn't me we should.
Ancalagon • today at 10:08 PM
I mean, I do too. Mine just happens to have been bought before the last inflationary cycle.
Is it not that the gains are unrealized? If they sold the house they would pay capital gains tax?