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Last login: Tuesday, March 2, 2010
What drives me crazy is seeing wealthy old people living in multimillion dollar properties and paying $1,000 in property tax. I grew up in southern California and then spent 10 years outside the USA and 6 years in Texas so I've seen a few tax systems out there. What CA does with low property tax and high income tax is discourage work and encourage high property values. So we get unemployment and high housing prices which is where we are. Taxes should be fair and there are ways to modify prop 13 without forcing people out of their homes. How about increasing the rate of increase per year above 2% and making exceptions for people below a $75k income level? We should also do away with the loophole where we let parents transfer the low tax level to their children.
March 2, 2010 at 12:35 p.m.
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