this post was submitted on 23 Aug 2024
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I forgot the most obvious example:
If you bought a house for $200,000 and when you retire it's worth $1,000,000 the government shouldn't demand you pay a percentage of your "gain" for the rest of your life or until you are forced to sell it.
Why not
Taxes bad?
You are saying you want to tax retired people with no income just because they have a place to live in. Should we kick them out for nonpayment of said taxes too? Because that's what would happen. It happens in states with property taxes, but now you want to take it national.
This is the problem with leftists. This message would be an extremely bad electoral platform.
Zero cashflow retirees are not a thing.
ALL states have property tax.
You don't know what you are talking about if you don't understand how taxes are offset and credited. You are just whining about not wanting to participate in society.
Taxes pay for things, go get educated.
They have social security and some of them have savings. My mom is planning to retire in West Virginia and she's already planning on selling her current residence to build a house there. She chose a low property tax state on purpose.
At this point she would only receive social security and start to go through her savings to live. You want to start charging her federal taxes the moment her property is worth $1 more than what she bought it for, even though she's on fixed income.
Yup. And then credit it against standard deduction rates so that 🤡s owning multiple unoccupied homes pay real amounts while your grandmother pays pennies
Like a normal tax system, you doink
She owns one home now and one plot of land. She doesn't own multiple unoccupied homes. She's also my mother, not my grandmother
Are you a bot or something?
Please answer in ASCII semaphore or French if you don't know semaphore.
I don't know French, but here:
O O O
Close enough?