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Comment on The rich convinced us that taxing them is too complicated but everyday people can be taxed pretty easily

Ledivin@lemmy.world ⁨4⁩ ⁨days⁩ ago

Interesting how “unrealized gains” only become a problem when wealthy folks are involved

…do you think wealthy people don’t own property? 🤔

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JennaR8r@lemmy.dbzer0.com ⁨4⁩ ⁨days⁩ ago
Ah! So you’re telling me that wealthy people DO get taxed on the unrealized gains of the properties they own? Just like us normies do?

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- TwitchingCheese@lemmy.world ⁨4⁩ ⁨days⁩ ago
  Not for long, see the push by Republican groups for abolishing property tax.
  
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  - JennaR8r@lemmy.dbzer0.com ⁨4⁩ ⁨days⁩ ago
    If property taxes are abolished it better be for EVERYBODY, not just for billionaires & corporations & private equity groups.
    
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    pingveno@lemmy.world ⁨3⁩ ⁨days⁩ ago
    In the US, the mortgage interest tax write-off goes disproportionately to the wealthy. It also inflates housing prices, so it doesn’t really help affordability. Certainly not enough to justify the cost.
    
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