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It is egregious that capital gains taxes (including real estate), are based on the nominal value, which means that owners (sellers) of capital pay taxes on infl
by mikhailfranco 3y ago
It is egregious that capital gains taxes (including real estate), are based on the nominal value, which means that owners (sellers) of capital pay taxes on inflation. The nominal value goes up, the relative real value is unchanged, but taxes are due.
- thelastparadise 3y agoEven if they accounted for inflation in the tax computation, it would still be wack. The official inflation number is severely understated (exludes food, energy, and housing).
- HDThoreaun 3y agoIt is egregious that capital gains are taxed at less than half the rate normal income is for even moderate middle class earners.
- deleted 3y ago[deleted]