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I have to pay taxes on my house based on unrealized gains, and to unlock those gains I would have to become homeless (which sucks worse than becoming stockless)
by _DeadFred_ 3y ago
I have to pay taxes on my house based on unrealized gains, and to unlock those gains I would have to become homeless (which sucks worse than becoming stockless). If I don't pay the tax on that 'unrealized value' I lose the actual asset. But please tell me how unreasonable taxing unrealized stock gains would be, and how doing taxing unrealized gains is unheard of, irrational, and would destroy the market that created those gains (I guess like how property taxes have decimated housing prices?).
- dantheman 3y agoCompletely agree - we should end property taxes; or make them a based on size of the property.
- MattPalmer1086 3y agoSounds like a mad system to tax property based on potential current value. Do you get tax refunds if the house price falls?
- megaman821 3y agoYou pay a value tax on your house, but you did not and not paid a tax on the gains of your house.