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Will IRS Tax You On Your Home's "Appreciated" Value?

David Knight
David Knight - 164 Views
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164 Views
Published on 06 Dec 2023 / In News and Politics

A case before the Supreme Court now may redefine "income" once again.  "Income" did not initially include wages.  Then they changed the definition.  Now they want to tax you on "unrealized gain", assets that have gone up in value even though you did not sell or withdraw any money.  It could be a precedent with devastating effect.  Is this why Biden wants an IRS army (and the GOP goes along with it)?

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