this post was submitted on 18 Jan 2026
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[–] iopq@lemmy.world 2 points 1 day ago (1 children)

My dad's house that he bought in 2006 is worth over 1 million, how do you tax that

[–] sin_free_for_00_days@sopuli.xyz 1 points 1 day ago (1 children)

If you are in my state, it's taxed via property tax.

[–] iopq@lemmy.world 1 points 14 hours ago (1 children)

Yes, he pays property tax, but people are suggesting a wealth tax which would be bonkers. He would have to go back to work or seek the house

[–] sin_free_for_00_days@sopuli.xyz 1 points 14 hours ago

And I was suggesting that the middle class already pays a wealth tax as most of their wealth is in their home. I agree with OPs sentiment, but have it start above $5 million and have it pretty steeply progressive.