Are you capable of thinking for yourself?

  For example, let's say you pay $100k for a house.  Next year, the government appraises the value of your house at $110k.  So according to ProPublica, you should have to pay taxes on that $10k increase even though you did not see a dime of it. 

Show me in the tax code where you have to pay capital gains on a house that goes up in value that you are living  in and  not selling.  I own apartments and office buildings.   Never had to pay capital gains of course never sold them either..yet. .

Yeah, I have  a great tax accountant  and might not know everything but I know Billionaires are not paying 40%. I showed how Musk and Bezos are doing it through borrowing from stock as one example.


You only pay the capital gains tax after you sell an asset. Let's say you bought your home 2 years ago and it's increased in value by $10,000. You don't need to pay the tax until you sell the home.

Capital Gains Tax On Real Estate And Home Sales: A Guide



Yes, I think for  myself. I figured out .long ago listening  from  the doom and gloom from the rw fear porn mongers most of it is 99% utter bullshit. Forbes today said the 44% biden tax proposal is a nothing burger.

BTW met with my CFP today.  Our investments are at record levels. But wait I thought the RW fear porn dipshits said Biden was going to cause a depression and the stock market would be another 1929. Guess not

I say that having just lost my companion of seventeen years last spring - A small Aussie Shepherd that worked most of his life with livestock and was a grand help. And he never bothered the chickens, and made a fair peace with the barn cats. He wasn't much for guardian - too small of frame... But he'd work with the guard dogs, playing heeler as they came head on.

That was a hella good dog, ol Chewy was. But had he been otherwise he would be no more.

Is that the one who would drop the frisbee through the fence?

Here is what Musk is doing.:[/b]
However, ProPublica pointed out that his “true tax rate” for the five-year period .  .  .

Yeah, we covered this already.  Did you not read my posts?  ProPublica has invented its own tax rate on imaginary income that is not founded in reality.  This was pointed out to you by several posters here.  Are you capable of thinking for yourself?

Let's review again.  ProPublica is saying that people should pay tax on any rise in the value of capital investment from year to year.  For example, let's say you pay $100k for a house.  Next year, the government appraises the value of your house at $110k.  So according to ProPublica, you should have to pay taxes on that $10k increase even though you did not see a dime of it.  The same goes for stock (except of course stocks owned by big liberal universities with massive endowments).  So if you have $100k tucked away in your 401(k) and the value of that stock goes up 10% in a given year, then you would be expected to stroke a check to the federal government for that increase that you never saw.  Think about that.  Isn't that the dumbest idea you've ever heard?

And of course what happens if that value goes down instead?  Wouldn't the government then be on the hook for paying out tax refunds on those losses?  Are you down with that, too?

Show me a link where Bezos is paying 40%.

Show me a link where he's not.  Because the tax code is quite clear.  37% on adjusted gross income over $578k.  2.9% Medicare tax on all adj. gross income.  And 0.9% Medicare tax on all adj. gross income over $200k.  That's the law.

The Clash - Police on My Back


https://www.youtube.com/watch?v=0tCx11ITaiY