Top Tweets for #ZackJohnson

Them: “You can’t tax unrealized gains. You haven’t actually made the money yet.” Me: Then why did my property tax increase? Them: “That’s not the same thing.” Me: My house went up in estimated value. I didn’t sell it. I didn’t receive a check. I didn’t cash out a single dollar. But because the number attached to my property increased, my tax bill went up by thousands. So apparently an increase in value can be “not real” when we’re talking about investments… …but becomes very real when it’s time to calculate what a homeowner owes. Maybe the argument isn’t whether unrealized gains can be taxed. Maybe it’s who gets asked to pay them.