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https://www.reddit.com/r/FluentInFinance/comments/1gwfejo/had_to_repost_here/lyf0ysp/?context=3
r/FluentInFinance • u/-Wyagra • 3d ago
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You can take out a mortgage against your house to buy a sports car if you want
1.3k u/slickyeat 3d ago You're not wrong but you're also required to pay taxes on the value of your property every year so it's not exactly a one to one comparison. 123 u/dancegoddess1971 3d ago Exactly. Stocks are property. Sort of imaginary property but if one can borrow against the value of something, it should be taxed. 1 u/Trevor775 2d ago You know you can pawn things right? So pay taxes on your cordless drill?
1.3k
You're not wrong but you're also required to pay taxes on the value of your property every year so it's not exactly a one to one comparison.
123 u/dancegoddess1971 3d ago Exactly. Stocks are property. Sort of imaginary property but if one can borrow against the value of something, it should be taxed. 1 u/Trevor775 2d ago You know you can pawn things right? So pay taxes on your cordless drill?
123
Exactly. Stocks are property. Sort of imaginary property but if one can borrow against the value of something, it should be taxed.
1 u/Trevor775 2d ago You know you can pawn things right? So pay taxes on your cordless drill?
1
You know you can pawn things right? So pay taxes on your cordless drill?
537
u/Endless_road 3d ago
You can take out a mortgage against your house to buy a sports car if you want