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Old 06-06-2016, 10:23 AM   #152
mrkajz44
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Join Date: Oct 2010
Location: Deep South
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I never liked the taxation of long term capital gains.

Short term it makes sense, let's say I buy stock for $100 and sell it in one or two years for $180, then I made $80 and should pay tax on that.

Long term is different though. Say buy an asset for $100 and sell it in 30 years for $180? Did you really make $80, or was that just inflation? At 2% per year for 30 years, the $100 from 30 years is now equivalent to $180, so by paying tax on that "gain", I'm actually behind in my purchasing power.

Back on topic: My taxes were up about 15%. I'm not exactly sure what my numbers were last year (paid through the mortgage payment), but I think that assessed value is still really close to what is was last year, for what it's worth.
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