Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: SilentZ who wrote (576749)	7/18/2010 1:10:14 PM
From: Tenchusatsu	Read Replies (1) of 1570945

Z, > That's what capital gains and property taxes are for. But your side is against those things. Taxes on cap gains are only realized at the point of sale, i.e. when money moves. Until then, it's just imaginary wealth. I'm actually a proponent of property taxes over income taxes. That's the closest thing to a "wealth tax" you could have in this country. One of the challenges of the tax code is to provide a consistent revenue stream. Cap gains are anything but consistent. Property taxes are more stable (except in recent times where the real estate market was artificially inflated). By the way, there are other ways to "tax wealth." One way is inflation. That's the way banana republics do it, and it's as easy as falling off a cliff. Tenchusatsu

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