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  • Re: An Explainer: Unrealized Tax Gains (California's Wealth Tax)

    From The Horny Goat@3:633/10 to All on Thursday, March 05, 2026 21:54:52
    On Tue, 24 Feb 2026 08:32:30 -0000 (UTC), "Adam H. Kerman"
    <ahk@chinet.com> wrote:

    British Columbia has had such a tax deferral system aimed at those 55+
    for years - I've only opted to do so 4 years ago and our provincial >>government (who administers the program) decided to move the interest
    rate on the loan from prime - 2% to prime + 2% causing a lot of people >>including me to check out paying it off.

    Not only is it a secure loan, the government lien is probably superior
    to the mortgage. That interest rate is absurdly high.

    I'm assuming you're talking about the prime + 2% rate which is why I'm
    in the middle of paying it off. I know one senior (retired university professor) who's been doing this for 15-20 years so it's a bit harder
    for him than me.

    --- PyGate Linux v1.5.12
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