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aantix
on Dec 9, 2020
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Elon Musk moves to Texas
Imagine the house you live in is worth $250,000.
And imagine paying "asset" taxes on that $250,000 home even though you still live there.
RobRivera
on Dec 9, 2020
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Thats...not unrealized cap gains tax, at all. That's property taxes and is a real thing to home owners. My tax bill grows every year bc my home gets assessed at higher values
kec
on Dec 9, 2020
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isn't that literally what property taxes are?
DrJones1098
on Dec 10, 2020
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But but does the gov't pay you if the house price goes down?
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And imagine paying "asset" taxes on that $250,000 home even though you still live there.