You've nailed it Zork. The CG tax is everything you say and more. I have been telling many people of this sinister linkage for years now but few really understand it. Its twin sister is 'Market Value Assessment' as the basis for municipal property taxes. In that case the taxes a homeowner pays (or a tenant pays through their landlord) is NOT based on the cost of providing municipal services to the property but rather on the degree to which others COVET the property - the more 'desirable' others find your property, the more you pay! In any other realm such financial manipulations would be deemed a blatant conflict of interest. It is through an Orwellian debasement of language that we are struck blind and dumb.
You've nailed it Zork. The CG tax is everything you say and more. I have been telling many people of this sinister linkage for years now but few really understand it. Its twin sister is 'Market Value Assessment' as the basis for municipal property taxes. In that case the taxes a homeowner pays (or a tenant pays through their landlord) is NOT based on the cost of providing municipal services to the property but rather on the degree to which others COVET the property - the more 'desirable' others find your property, the more you pay! In any other realm such financial manipulations would be deemed a blatant conflict of interest. It is through an Orwellian debasement of language that we are struck blind and dumb.