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Re:Elon Musk moves to Texas by aantix on Wednesday December 09, 2020 @01:30PM (#25361994)
Imagine the house you live in is worth $250,000.

And imagine paying "asset" taxes on that $250,000 home even though you still live there.

Re:Elon Musk moves to Texas by RobRivera on Wednesday December 09, 2020 @04:17PM (#25365154)
Thats...not unrealized cap gains tax, at all. That's property taxes and is a real thing to home owners. My tax bill grows every year bc my home gets assessed at higher values
Re:Elon Musk moves to Texas by kec on Wednesday December 09, 2020 @01:47PM (#25362404)
isn't that literally what property taxes are?
Re:Elon Musk moves to Texas by nickthemagicman on Thursday December 10, 2020 @01:46AM (#25370602)
But but does the gov't pay you if the house price goes down?