Re: Prop. 13 The ultimate middle class hypocrisy.
Author: Edward
Date: 10-16-2016 - 17:35

Prop 13 is one of the reasons that house prices have gone up so much in California. If your taxes are at a lower rate on a house just purchased you can afford a higher priced house because the resulting taxes will be lower. If you pay 1.1% tax you can afford a more expensive house than if you pay 3%.

Prop 13 definitely helped many retirees stay in their homes. The problem is that it also applies to corporate properties and corporations don't die. The result is that home owners now pay a greater share of the property taxes than they did before prop 13.

California is a relatively high tax state, but you have to check out all the taxes that apply to you before you jump ship. For example, unlike many other states California has no inheritance taxes. A couple here can have an estate of up to 11 million and there will be no state or federal inheritance tax. Any donations to charities are above that 11 million.

I have worked in several countries and, comparatively speaking, The United States is a low tax, low services country.



Subject Written By Date/Time (PST)
  Warren Buffett Fighting TAX on His Railroad/Wants to End Prop. 13 for YOU Jon 10-16-2016 - 09:44
  Re: Warren Buffett Fighting TAX on His Railroad/Wants to End Prop. 13 for YOU Typical Leftist 10-16-2016 - 12:31
  Re: Warren Buffett Fighting TAX on His Railroad/Wants to End Prop. 13 for YOU Pdxrailtransit 10-16-2016 - 14:13
  Re: Warren Buffett Fighting TAX on His Railroad/Wants to End Prop. 13 for YOU Tony C 10-16-2016 - 14:51
  Re: Warren Buffett Fighting TAX on His Railroad/Wants to End Prop. 13 for YOU 10-16-2016 - 15:12
  Re: Warren Buffett Fighting TAX on His Railroad/Wants to End Prop. 13 for YOU Wada Corntree 10-17-2016 - 10:48
  Re: Warren Buffett Fighting TAX on His Railroad/Wants to End Prop. 13 for YOU Sand Box 10-17-2016 - 18:00
  Re: Warren Buffett Fighting TAX on His Railroad/Wants to End Prop. 13 for YOU Whaaaaaaaaaaaaa!!! 10-18-2016 - 12:45
  Re: Warren Buffett Fighting TAX on His Railroad/Wants to End Prop. 13 for YOU Nudge 10-16-2016 - 15:10
  Prop. 13 The ultimate middle class hypocrisy. Pdxrailtransit 10-16-2016 - 15:19
  For the real facts on Prop 13 negative effects Pdxrailtransit 10-16-2016 - 15:30
  Re: For the real facts on Prop 13 negative effects HollySugarSW1 10-18-2016 - 10:43
  Re: For the real facts on Prop 13 negative effects HUTCH 7.62 10-18-2016 - 19:20
  Re: Prop. 13 The ultimate middle class hypocrisy. realistic leftist 10-16-2016 - 15:39
  Re: Prop. 13 The ultimate middle class hypocrisy. An Observer 10-16-2016 - 15:43
  Re: Prop. 13 The ultimate middle class hypocrisy. Tony C 10-16-2016 - 15:46
  Re: Prop. 13 The ultimate middle class hypocrisy. Nudge 10-16-2016 - 16:33
  Re: Prop. 13 The ultimate middle class hypocrisy. Edward 10-16-2016 - 17:35
  Moonbeam Brown: The ultimate middle class hypocrisy. Will E. Brown 10-16-2016 - 19:00
  Re: Moonbeam Brown: The ultimate middle class hypocrisy. Wada Corntree 10-17-2016 - 12:01
  Re: Prop. 13 The ultimate middle class hypocrisy. HUTCH 7.62 10-17-2016 - 07:58
  Re: Prop. 13 The ultimate middle class hypocrisy. realistic leftist 10-17-2016 - 12:07
  Re: Prop. 13 The ultimate middle class hypocrisy. California Homeowner 10-19-2016 - 18:45
  Re: Prop. 13 The ultimate middle class hypocrisy. realistic leftist 10-19-2016 - 22:47
  The Rich Get Richer and the Middle Class gets Poorer Wada Corntree! 10-17-2016 - 10:44
  Re: The Rich Get Richer and the Middle Class gets Poorer Edward 10-17-2016 - 15:23
  Re: Warren Buffett Fighting TAX on His Railroad/And BS Propoganda about Prop 13 for the stupi? BOB2 10-16-2016 - 20:23
  Re: Warren Buffett Fighting TAX on His Railroad/And BS Propoganda about Prop 13 for the stupi? mook 10-17-2016 - 06:58
  "the ultimate "evil" from Omaha "Warren Buffet" " Wada Corntree 10-17-2016 - 12:08
  Re: "the ultimate "evil" from Omaha "Warren Buffet" " mook 10-17-2016 - 13:07
  Re: "the ultimate "evil" from Omaha "Warren Buffet" " Disgusted 10-17-2016 - 14:54
  Re: "the ultimate "evil" from Omaha "Warren Buffet" " mook 10-17-2016 - 17:25


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