They will literally track your dog's bowel movements to prove you owe them 5%.

This is the epic real estate podcast. Contrarian takes on money, housing, and policy without the guru nonsense.

Let's go, let's go, let's go, let's go, let's go, let's go, let's go. Let's go.

And look, you're going to want to do this before they add this new

equity tax to your property tax bill. Seriously, this isn't theory anymore. I've been warning about

unrealized gains tax here for a while, thinking it was nothing more than, you know, a heads up.

But it's here. They've actually been sneaking it under different forms and different names.

Let me show you how fast this Trojan horse has quietly infiltrated state constitutions and knocking on the doors of others.

Here, look at this.

2022, Massachusetts. Voters approved a brand new 4% surtax on income over a million dollars.

Overnight, top earners went from paying 5% state income tax

to 9% on every dollar above that line, locked into their state constitution. This is not Europe,

Massachusetts. Washington just added a special tax on million dollar incomes, called it fairness.

California is floating a one-time billionaire tax based on your net worth, not your paycheck, what you own.

Stuff you've already paid taxes on. New York, Hawaii, Rhode Island, all openly debating their own versions.

Different labels, same idea. Elizabeth Warren, Bernie Sanders, AOC want to take this thing nationally.

It's like a gas leak. One state

lights the match and suddenly everyone's on fire. I mean, if you built something, even if you

played by the rules and jumped through their hoops and paid all of their fees along the way,

it's not enough. They want a bigger cut and a recurring one. Look, this is how it escalates.

First, it was higher income tax on the rich,

then special surtaxes on million dollar earners, then exit taxes, mansion taxes, annual property assessments, then one-time taxes on your total worth. This is a tax on more than what you earn.

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