To: PubliusMM
If the assessed value of your home goes up you do not pay capital gains tax on it until you sell. Same here. She should only be paying taxes on realized capital gains. But capital gains tax is a pernicious tax on inflation and should be abandoned completely. Tax consumption, not income. Not ‘capital gains’, which are mostly just illusory artefacts of inflation.
22 posted on
05/08/2016 8:07:34 AM PDT by
Lonesome in Massachussets
(The Democratic Party strongly supports full Civil Rights for Necro-Americans!)
To: Lonesome in Massachussets
If the assessed value of your home goes up you do not pay capital gains tax on it until you sell Property Tax however, I think is adjustable.
28 posted on
05/08/2016 9:15:26 AM PDT by
itsahoot
(Trump is a fumble mouthed blowhard that can't finish a sentence, but he will finish a term.)
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