71
submitted 1 month ago by [email protected] to c/[email protected]

TL;DW

If it's your primary residence, zero.

If it's a revenue generating secondary property, an extra 20k for every 400k of gains.

I love that the "wealth manager" they interviewed is making such a big deal about how it will affect people who would never have need of his services because they'll never have wealth, let alone enough to need management. Playing up the "imagine being taxed because your mom died!" angle.

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[-] [email protected] 43 points 1 month ago* (last edited 1 month ago)

“imagine being taxed because your mom died!”

Imagine being taxed because you sold your mom's house, months or years after she died.

What next? Eliminating property tax because the property was once owned by someone who has since died?

[-] [email protected] 11 points 1 month ago

But I have fond memories of ~~my mother~~ imagining how much money I'll make selling this house.

[-] [email protected] 8 points 1 month ago

Jokes on him, I'd pay nothing because that's my only hope (very much for lack of a better word) at owning my own home.

[-] [email protected] 6 points 1 month ago

Imagine

Imagine a new lead-in. The fleek litchally base lul crowd has overused that phrase so much it's now a misophonia trigger.

you sold your mom's house, months or years after she died

But it wasn't her house. Shortly after mom passed on, it'd be Your house. That's how inheritance works.

[-] [email protected] 5 points 1 month ago

Shortly after mom passed on, it’d be Your house.

Touche.

Imagine you sold your spare house, months or years after your mother died.

[-] [email protected] 31 points 1 month ago

Imagine making 400k in gains and complaining about paying an extra 20k.

People complaining can get fucked. I

[-] [email protected] 6 points 4 weeks ago

The greediest people in the world hoard wealth; while the most generous have none.

[-] [email protected] 15 points 1 month ago

Good!

Sounds like it might even have a small impact on housing supply.

[-] SamuelRJankis 9 points 1 month ago

This will likely do more for housing affordability then the rather large list recently released of housing items plus the billions the Liberals plan to spend.

Hopefully more people will realize we should fix the things fundamentally wrong with housing instead trying to buy our way out of a broken system.

[-] [email protected] 2 points 4 weeks ago

This has a "election reform" feeling about it: something the LPC is talking about in order to get progressive cred, but that they don't really want to do and will either a) abandon if they're elected or b) not have to do if they lose.

They could have raised capital gains in 2016.

[-] [email protected] 2 points 1 month ago

Here is an alternative Piped link(s):

https://piped.video/watch?v=thRoUJalIlM

Piped is a privacy-respecting open-source alternative frontend to YouTube.

I'm open-source; check me out at GitHub.

[-] [email protected] 1 points 4 weeks ago

Reminded me of this video, that I still cannot get over. How fucking tone deaf are these people.

[-] [email protected] 1 points 4 weeks ago

Here is an alternative Piped link(s):

this

Piped is a privacy-respecting open-source alternative frontend to YouTube.

I'm open-source; check me out at GitHub.

this post was submitted on 19 Apr 2024
71 points (97.3% liked)

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