Buying a house for $120,000 and seeing its value rise to $220,000 in a year could result in being taxed on the $100,000 increase, even without selling the property.
The concern is clear: paying $25,000 in taxes on unrealized gains could force homeowners to sell just to cover the bill if values continue to climb.
While the minimum wage has been stuck at $7.25 for over 26 years, politicians continue to give themselves annual raises that adjust for inflation.
It’s emphasized that those in power live in a different reality, where their income adjusts with the cost of living, while everyday workers are left behind.
🎧 Listen to the full episode https://youtu.be/rvBVWcI2A-A
#SurvivalAndBadass #TaxInjustice #UnrealizedGains #EconomicInequality #MinimumWageStagnation #PoliticalCorruption #FinancialFreedom #WakeUpAmerica #LibertyAtRisk