VetOfTheSeas@discuss.online to Work Reform@lemmy.world · 4 days agoThe rich convinced us that taxing them is too complicated but everyday people can be taxed pretty easilydiscuss.onlineimagemessage-square183linkfedilinkarrow-up11.66K
arrow-up11.66KimageThe rich convinced us that taxing them is too complicated but everyday people can be taxed pretty easilydiscuss.onlineVetOfTheSeas@discuss.online to Work Reform@lemmy.world · 4 days agomessage-square183linkfedilink
minus-squareJennaR8r@lemmy.dbzer0.comlinkfedilinkarrow-up5·3 days agoAh! So you’re telling me that wealthy people DO get taxed on the unrealized gains of the properties they own? Just like us normies do?
minus-squareTwitchingCheese@lemmy.worldlinkfedilinkarrow-up2·3 days agoNot for long, see the push by Republican groups for abolishing property tax.
minus-squareJennaR8r@lemmy.dbzer0.comlinkfedilinkarrow-up1·3 days agoIf property taxes are abolished it better be for EVERYBODY, not just for billionaires & corporations & private equity groups.
minus-squarepingveno@lemmy.worldlinkfedilinkEnglisharrow-up6·3 days agoIn the US, the mortgage interest tax write-off goes disproportionately to the wealthy. It also inflates housing prices, so it doesn’t really help affordability. Certainly not enough to justify the cost.
Ah! So you’re telling me that wealthy people DO get taxed on the unrealized gains of the properties they own? Just like us normies do?
Not for long, see the push by Republican groups for abolishing property tax.
If property taxes are abolished it better be for EVERYBODY, not just for billionaires & corporations & private equity groups.
In the US, the mortgage interest tax write-off goes disproportionately to the wealthy. It also inflates housing prices, so it doesn’t really help affordability. Certainly not enough to justify the cost.