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Not income, static assets. That is, if you own more than about 40 sqft (sic) of apartment space outside of a city centre, you must pay a wealth tax on it. It's
by microcolonel 9y ago
Not income, static assets. That is, if you own more than about 40 sqft (sic) of apartment space outside of a city centre, you must pay a wealth tax on it.
It's sad that this is the top response, because you have completely misunderstood what I said, and responded with something unrelated.
- Moenghus 9y agoProbably not. It only counts for 1/4 its value, and you get to subtract your mortgage, so its pulling your average net worth _down_ until your mortgage gets paid down to less than 1/4 the value of your property.