Scott Tibbs (@ConservaTibbs)
Posted
1 replies · 8 reposts · 31 likes
This is the reality of a tax on "unrealized" capital gains: If your house has a higher assessed evaluation this year than the year before, you will pay income taxes on that increased "wealth," even though you did not see one extra penny in your bank account. In fact, you are LESS wealthy than you were before because your property tax bill went up. This is not a serious proposal.