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?
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?
TwitchingCheese@lemmy.world 6 days ago
Not for long, see the push by Republican groups for abolishing property tax.
JennaR8r@lemmy.dbzer0.com 6 days ago
If property taxes are abolished it better be for EVERYBODY, not just for billionaires & corporations & private equity groups.
pingveno@lemmy.world 5 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.