Yeah, I just meant it is more similar to a property tax than an income tax. Of course the other difference is that you might be able to deduct the tax you paid

Yeah, I just meant it is more similar to a property tax than an income tax. Of course the other difference is that you might be able to deduct the tax you paid if the value drops back down before the gain is realized... but I haven't heard enough of the proposed implementation details to sort that out.