Thread

1. Ancalagon · 1790286740 · focus · HN ↗

   [flagged]

   1. 999900000999 · 1790287624 · focus · HN ↗

      And it will never be repealed.

      Old voters like the house they brought 20 years ago for 100k being worth 1.5 million today. They also like not paying taxes on that 1.4m in wealth accumulation.

      1. gehsty · 1790287934 · focus · HN ↗

         Is it not that the gains are unrealized? If they sold the house they would pay capital gains tax?

         1. fhn · 1790289542 · focus · HN ↗

            I'm not a finance person but I think capital gains kicks in if you sell early. Otherwise, just regular taxes?

            1. Ancalagon · 1790290186 · focus · HN ↗

               opposite, income taxes take place first. after a waiting period, its just capital gains. capital gains taxes are typically lower than income taxes so this encourage long term holding

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