Comment on But how would they be able to live on that?
AA5B@lemmy.world 6 months agoWe manage not tax things like houses and cars on unrealized gains. Why should stock or art, or anything be different?
Comment on But how would they be able to live on that?
AA5B@lemmy.world 6 months agoWe manage not tax things like houses and cars on unrealized gains. Why should stock or art, or anything be different?
FiniteBanjo@lemmy.today 6 months ago
We tax houses with unrealized gains when they sell, also.
UPGRAYEDD@lemmy.world 6 months ago
Umm… when they sell… they are realized?
FiniteBanjo@lemmy.today 6 months ago
Yeah sorry, I ended up giving a low effort nonsense reply to an equally nonsensical reply. Perpetual cycle of stupidity over here.
I meant to say we do tax unrealized gains with property but we also tax capital gains upon realization. The user before me said we “manage not tax things like houses and cars”.
UPGRAYEDD@lemmy.world 6 months ago
Umm. My brain is broken. Somone on the internet just admitted they were wrong.
Faith in humanity +10.