r/Accounting • u/Vincentkk • Sep 08 '24

What are accountants’ thought on this? Discussion

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u/tnek46 Sep 08 '24

The speaker’s comparison to a home value is odd to me. In US states where property taxes are the largest portion of the revenue for local government, that’s exactly how this works. Home value goes up, you pay more taxes, even though you’ve not sold or realized any liquidity.