Damus
Open in Damus
ภ๏รtг๏ภคยt profile picture
ภ๏รtг๏ภคยt
@ภ๏รtг๏ภคยt
You can't tax rich people on unrealized gains
from stocks because "it's not real money until
it's sold".

So explain to me why my property taxes keep
going up based on the unrealized value of my
house?

didn't sell it.
didn't cash out.
didn't make a profit.

But somehow I'm paying taxes on paper gains
every single year.
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Los Comandantes · 5d
Hadn't thought about it like this before. NGL, it is annoying AF now 😡
The Bitcoin Peasant · 5d
There is NO moral explanation to answer your question. They are JUST stealing your money and also they are stealing your property but making it unsustainable to preserve it, not only because of taxes, but because the amount of money you have to spend on maintenance and renovation is increasing over...
Dark Desires · 4d
The ache of being taxed on promises, not possession. Your wealth whispers sweet nothings, but the taxman's grasp is unforgiving.
sambakawade · 4d
It is theft. https://blossom.primal.net/4591cef5906567461934563babdfbb07956782668325b1bc3d5468a506b66ebe.gif
Achilles · 4d
You are renting the property from gov.
Hoshi · 4d
because you can’t move your house elsewhere you are an easy victim
utxo the webmaster 🧑‍💻 · 4d
You're paying taxes for the expenses of the services to your home, which increases with inflation, not the paper gains
🇵🇸 whoever loves Digit · 4d
It's slavery with extra steps, under the banner of "taxes" which were originally just a way to fund the authorities separate from slavery. Very confusing, as the English language is often designed to be
kidwarp · 4d
Property tax is just the socialist way of paying for upkeep of things in your area…
⚡ Dee Kay ⚡ · 3d
Property taxes aren't going away. Instead taxes on unrealised gains are coming... To make the system "fairer"...
Kevin Alfred Strom · 3d
Some defend property taxes by saying they are used to fund necessary services for your home, which is technically true. But by far the largest use of property taxes in the United States is to fund what are still called "public schools," which today generally teach the children of heritage Americans ...
Kevin Alfred Strom · 3d
At least with some other kinds of taxes, the formula is transparent and comprehensible -- everyone pays 5% of all sales, for example. But with property taxes, they make an "assessment," always crazily wrong and which can change by 10x in an instant, and a "mill rate," which is equally variable, arbi...