Stay on topic. SS is indeed a ponzi scheme. When it was set up, it worked because you had something like 3 workers for every one person getting paid. SS relies on taking money from new investors ("workers") and giving it to the old investors ("retired folks").
There are two things that are infinite:
The transaction is not taxed only the gains are taxed. The transaction would apply to buying the stock. There s no tax on transactions.
There is no federal tax on buying or selling a home. Deal with your state and local governments on that issue.
Yes there is capital gains is taxed after a large exclusion if you buy another house.
Real estate transactions are taxed on the way in and on the way out. I see your point on stock sales
LOL.
Made a trillion dollars off of those workers
By providing things society wants or needs.
Local taxes only when purchased then Federal capital gains tax when sold possible state taxes as well after a large exclusion. I believe 250000 for each spouse plus improvements are excluded
They also benefit the most off of those taxes
No, I want them to contribute more to the society that they profit from
The workers are "starving"?
There is also a lower limit, that most people never reach unless they are buying property in red states where property values are inflated. There is just not the kind of profit margin unless the homes run into the millions of dollars.
Taxes on Unrealized Capital Gains will crush the 401(k), Roth IRAs, and Pensions for the working and middle class.
Not usually. Those are capital gains taxes on the federal level and only on the gain you made on the property, with a significant exclusion. How do you think people make a killing by flipping houses?
No one is saying eliminate taxes. People are saying No to New Taxes because of irresponsible and out of control spending of taxpayer dollars as it is.
