JOG
Serious Thumper
   
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SuzukiSavage.com Rocks!
Posts: 2070
Longview, Texas
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Is being taxed on the assumed Value of a house you bought twenty years ago right? If it's gone down in value, do you get a refund?
Historically, gains and losses are Realized after they are sold. The guy who bought a Ford Cobra, put it on blocks in a climate controlled storage space and put it in his will for his son Invested some thousands of dollars and today is sitting on a million. Rough figures, dollar amount doesn't matter, it's just considering the Idea,,okay? Now, the difference is Unrealized Capital Gains,, should anyone have to pay taxes on their investment that they have not sold? I say no.
Re:Taxes on Supposed Current Value,, Property taxes Are done that way. The county Appraises your property, declares its worth,and taxes you according to what They say it's worth. If someone comes in and builds a McMansion next door to your double wide, your property value will be increased. So the property taxes go up. Now, as uncool as that is, are you okay with the IRS also jacking you up for taxes on some abstract New Value on your property?
It's my position that If a county appraises a property and the owner doesn't agree with them they Otta be able to go to the county and demand they buy it. I know there is no way my place would sell for even 80% of the appraised value.
How many times do they want to tax the Unrealized Gains? Is that a New Line on the tax forms? So they introduce it, we paid $85,000.00 twenty years ago. 11.5 acres, 1,500 square feet, some storage buildings, now it's supposedly over 200,000... That's gonna be a big hickey,, And anyone who shrugs and says,, I don't care, I Rent! Well,, whoever you are paying rent to cares. Your Rent is Going Up! A Lot.. The people who get refunds are always harping on The Rich need to Pay their Fair Share. I've known a few people who had to send in a big check. I knew one guy who had to do his taxes quarterly. He paid in more than I earned. He was Not exactly rich. His house, cars, everything anyone could See was He's just another guy on a very average lookin block. He had managed to build himself up to around3 million.. What Is his fair share? How much did he Benefit society by doing that? How many people did he give opportunities to?
TC,, You can apologize for your POS crack.. Naah,, don't bother.. You wouldn't mean it. It's just One More Thing your brainwashed mind believes that you can't Explain Why you believe it.
Since nobody straightened you out for your piece of nuts comment, I will. You think I'm supposed to treat you with respect? While you say ridiculous crap and can't articulate WHY it is reasonable? You refuse to Explain why something you believe is reasonable, and it absolutely flies in the face of logical, reasonable thought, but I'm the POS? Try again,,
Explain How it is Authoritarian Rhetoric to support the Freedom to Carry,without demanding a license. I'm sure you have All the Butthurt emotions that would accompany being exposed to the overbearing bully who was Forcing you to do something you don't want to do,, so you Can call it Authoritarian, even though there is No rational way to associate promoting the Freedom to open carry and be able to defend self and the general public with Any Kind of Authoritarianism. And you can't articulate How your butthurtedness is reasonable. But I'm the POS?
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