• decerian@lemmy.world
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    4 months ago

    What is this garbage? If I own a house/gold/collectable/toilet paper during covid/… and the value goes up, am I supposed to pay taxes?

    Yes, you are supposed to pay taxes on that (or on the house specifically). It’s called property taxes.

    If the value goes up, you pay more taxes the next year, if the value goes down you pay less.

    • Eheran@lemmy.world
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      4 months ago

      Take any of the other examples, it is obviously not what I meant. Instead, it is just a tax that exists for a different purpose (not income) that happens to change with value.