The unrealised gain tax on assets means that they can inflate your assets, by printing money (i.e. typing some zeroes into a computer) and then tax you on the numeric gains THAT ARE ON PAPER, even if you don't sell. Furthermore, they pretend it's all about the rich, but in reality that will mean ANYONE. They want it all. Remember the mantra: You will own nothing and you will be happy. (Eat ze bugs). So, if you own equity in a house: be afraid of this bill.
As someone said, let’s say your house is worth $150k. Then next year, it’s worth $250k. Do you have the tax on that? If not, your house will be auctioned off to probably BlackRock
The unrealised gain tax on assets means that they can inflate your assets, by printing money (i.e. typing some zeroes into a computer) and then tax you on the numeric gains THAT ARE ON PAPER, even if you don't sell. Furthermore, they pretend it's all about the rich, but in reality that will mean ANYONE. They want it all. Remember the mantra: You will own nothing and you will be happy. (Eat ze bugs). So, if you own equity in a house: be afraid of this bill.
As someone said, let’s say your house is worth $150k. Then next year, it’s worth $250k. Do you have the tax on that? If not, your house will be auctioned off to probably BlackRock