Comment on This boomer couple would be hit with $700,000 tax bill if they sold their mansion
phoenixz@lemmy.ca 1 week ago
Where exactly is this a dystopia? The part where rich people too have to pay taxes?
I guess you’re mistaken, /r/aceoandultrawealthydystopia is a different sub.
Saledovil@sh.itjust.works 1 week ago
The fact that the house is woth that much in the first place. Thing is owning a single home doesn’t make you rich, since you need a home to life, you can’t get that money unless you’re willing to downgrade. Now these people are, but the tax is limiting their options. Real estate should be taxed while you have it, not when you sell.