I thought we should bring some attention to this.

  • jj4211@lemmy.world
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    6 months ago

    Depends on the capital.

    If it applied to your primary residence, then your prospects to afford to move would be pretty slim. Of course, for most people this won’t matter, since primary residence is exempt for a good amount every two years.

    I could also imagine a capital gains offset to account for inflation. If you have 5% gains with 9% inflation, you get to pay taxes despite in real terms losing money.

    • Cosmicomical@lemmy.world
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      6 months ago

      The inflation argument would be fair if there were automatic adjustments for inflation in wages including minimum wage. You get to pay taxes while losing money on your salary so you might as well lose them on capital gains. This is not the bucket of crabs argument, it’s just fairness as i’m absolutely in favor of taxes.