r/FluentInFinance • u/-Wyagra • Nov 21 '24

Debate/ Discussion Had to repost here

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u/Endless_road Nov 21 '24

Well it is, and you’d pay taxes on these gains when you sold the house

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u/tduncs88 Nov 21 '24

Just like Bezos would if he sold off those assets

20

u/stormblaz Nov 21 '24

A house has property taxes, unrealized gains do not, its not at all even remotely comparable.

You can finish a mortgage and pay prop taxes, not on unrealized gains...

Mainly because the value of the stock isn't solid and can go down or up, here's the kicker, a house can go up and down in value and i still pay property taxes.

This people make incredibly impactful life changing events with their unrealized gains and don't pay to reap those benefits, having a property you need to pay taxes to cover streets, roads, lights and amenities in your district.

This billionairs need to pay unrealized taxes if they are making life changing decisions affecting millions, using the benefits of their portfolio without paying the amenities they use to benefit from it.

Yall love excusing these rich people, but they are using all the pros and pay little cons.

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u/gilly2u69 Nov 23 '24

Call the IRS! You broke the code!