Re:Mondrian Entered the Public Domain. The Estate Disagrees
by closewith on Monday March 02, 2026 @01:46PM
(#47222237)
Profits from property sales are often tax as CGT. It's only a select few jurisdictions that don't tax property sales, often with both CGTs and stamp duties.
The difference in how their taxed in the US is certainly not standard globally, nor is it likely to be optimal.
Re:Mondrian Entered the Public Domain. The Estate Disagrees
by bryanrasmussen on Monday March 02, 2026 @06:50PM
(#47225982)
OK I did not know this about the U.S, having never owned property there.
Actually seems a bit weird to find a tax situation in the U.S that seems less beneficial to the person paying the tax than many other countries.
https://news.ycombinator.com/item?id=47220210
capital gains does not happen on sale of land generally. These two things are obviously taxed differently because it is to the value of the government to do so, and the value of the government is supposed in many countries to somehow translate into a value for society.