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Let's play the rich get everything. The rules are the rich get everything. participation is mandatory. (lemmy.world)
submitted 1 month ago* (last edited 1 month ago) by Allonzee@lemmy.world to c/microblogmemes@lemmy.world
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Did I say mandatory? I meant optional! You're "free" to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!

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[-] julietOscarEcho@sh.itjust.works 1 points 1 month ago

Capital gains are applied against a cost basis, in the case of your homeowner, their purchase price. Unless the house appreciates in value there is 0 capital gain, even if you made the mortgage a realization event and for some reason implemented this with no residence exemption or tax brackets. It's mad how this point has to be repeatedly explained through this thread.

this post was submitted on 19 Sep 2024
1597 points (96.8% liked)

Microblog Memes

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