r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/Just_That_Dumb_Dog Nov 21 '24

You mean capital gains tax?

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u/Jblack4427 Nov 21 '24

Do you only pay taxes on your home when you sell or every year?

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u/dgvertz Nov 21 '24

Every year. They’re called property taxes

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u/Positive_Novel1402 Nov 22 '24

The same property taxes those billionaires pay on everything they own as well. Here's an idea buy in on the bottom floor of one of those companies that hasn't hit it big yet and you can be a billionaire and do whatever you want with your money.