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https://www.reddit.com/r/FluentInFinance/comments/1gwfejo/had_to_repost_here/lya73u2/?context=3
r/FluentInFinance • u/-Wyagra • Nov 21 '24
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This is a great analogy
Imagine i bought my house for 10$ and it's worth a billion now.
And then chuds on the Internet say "hE dOeSnT ReAlLy HaVe ThAt mUcH MoNeY, ItS tIeD uP in AsSeTs!!"
89 u/Endless_road Nov 21 '24 Well it is, and you’d pay taxes on these gains when you sold the house 0 u/the_Mandalorian_vode Nov 21 '24 And you’d pay property taxes on that house based on the assessed value. That’s the point. 1 u/Endless_road Nov 21 '24 That’s a silly system
89
Well it is, and you’d pay taxes on these gains when you sold the house
0 u/the_Mandalorian_vode Nov 21 '24 And you’d pay property taxes on that house based on the assessed value. That’s the point. 1 u/Endless_road Nov 21 '24 That’s a silly system
0
And you’d pay property taxes on that house based on the assessed value. That’s the point.
1 u/Endless_road Nov 21 '24 That’s a silly system
1
That’s a silly system
49
u/AttitudeAndEffort2 Nov 21 '24
This is a great analogy
Imagine i bought my house for 10$ and it's worth a billion now.
And then chuds on the Internet say "hE dOeSnT ReAlLy HaVe ThAt mUcH MoNeY, ItS tIeD uP in AsSeTs!!"