How can there even be any red states? I don't understand it.

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brycejones

Lifer
Oct 18, 2005
27,596
26,707
136
He's as blind as he can be, just sees what he wants to see.


Hey @Greenman - any update on what evidence you will accept that Trump wants to hurt people?

Not at this time, I'll be sure to let you know if that changes.
I've been focused on a couple of important tasks, a new walnut headboard for my MIL and air conditioning for my shop.
These exchanges perfectly encapsulate @Greenman.
 
Reactions: dank69

Greenman

Lifer
Oct 15, 1999
20,928
5,554
136
Interesting point. So the "unfair" tax structure if fine because churches get a break as well?
I've always been a fan of prop 13, the idea of taxing people out of their homes is a crime in my opinion. I've run across a number of people that hate it because they see some people not paying their fair share. I also wonder if it could be passed in California today since it's popular among republican's?
 

fskimospy

Elite Member
Mar 10, 2006
85,620
50,819
136
Interesting point. So the "unfair" tax structure if fine because churches get a break as well?
I've always been a fan of prop 13, the idea of taxing people out of their homes is a crime in my opinion. I've run across a number of people that hate it because they see some people not paying their fair share. I also wonder if it could be passed in California today since it's popular among republican's?
Seems like the bigger crime to is to shift the tax burden from the richest people to new homeowners struggling to make ends meet.
 
Nov 17, 2019
12,228
7,353
136
ALL properties should be fairly taxed. ALL property owners should pay a fair tax.

HOW to define that fair tax is in question. Some communities go overboard and assess unreasonably high. Some are undertaxed.

I'm on an age based exemption which is at the discretion of the local and state authorities.
 

brycejones

Lifer
Oct 18, 2005
27,596
26,707
136
Interesting point. So the "unfair" tax structure if fine because churches get a break as well?
I've always been a fan of prop 13, the idea of taxing people out of their homes is a crime in my opinion. I've run across a number of people that hate it because they see some people not paying their fair share. I also wonder if it could be passed in California today since it's popular among republican's?
Making the property tax base deliberately smaller is fucking stupid.
 

K1052

Elite Member
Aug 21, 2003
48,044
37,233
136
Interesting point. So the "unfair" tax structure if fine because churches get a break as well?
I've always been a fan of prop 13, the idea of taxing people out of their homes is a crime in my opinion. I've run across a number of people that hate it because they see some people not paying their fair share. I also wonder if it could be passed in California today since it's popular among republican's?

Prop 13 is a quintessential boomer policy that moves money into their pockets and takes it out of their kids and grandkids. It should definitely be phased out.
 
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Greenman

Lifer
Oct 15, 1999
20,928
5,554
136
Seems like the bigger crime to is to shift the tax burden from the richest people to new homeowners struggling to make ends meet.
Is living on three thousand bucks a month rich? The idea of driving out people who can't afford a new home to bring in people who can't afford a new home is absurd. At one time, the majority of California agreed with that idea.

Personally, I don't think there should be any property tax on a primary residence, and no tax breaks at all on investment property.
 

Greenman

Lifer
Oct 15, 1999
20,928
5,554
136
ALL properties should be fairly taxed. ALL property owners should pay a fair tax.

HOW to define that fair tax is in question. Some communities go overboard and assess unreasonably high. Some are undertaxed.

I'm on an age based exemption which is at the discretion of the local and state authorities.
They do that here as well, when you hit 65 there are no more ad valorem taxes on your home, as long as you file a homestead. The folks at the assessors office made very sure I understood how it worked and what I had to do. Really great people working there.
 

WelshBloke

Lifer
Jan 12, 2005
31,428
9,328
136
Personally, I don't think there should be any property tax on a primary residence, and no tax breaks at all on investment property.
I was under the impression that US property tax is analogous to UK council tax in that it pays for a ot of services that the community uses (roads, police, schools etc). That stuff needs funding so if you scrap property tax which other tax are you going to increase?
 

fskimospy

Elite Member
Mar 10, 2006
85,620
50,819
136
Is living on three thousand bucks a month rich? The idea of driving out people who can't afford a new home to bring in people who can't afford a new home is absurd. At one time, the majority of California agreed with that idea.

Personally, I don't think there should be any property tax on a primary residence, and no tax breaks at all on investment property.
The reason their taxes went up is because they are now massively wealthier.

I struggle to understand why poorer people should pay higher taxes than wealthier people. That makes no sense to me.
 

IronWing

No Lifer
Jul 20, 2001
70,193
28,883
136
They do that here as well, when you hit 65 there are no more ad valorem taxes on your home, as long as you file a homestead. The folks at the assessors office made very sure I understood how it worked and what I had to do. Really great people working there.
Sounds pretty parasitic to me, sponging off the taxpayers like that.
 

K1052

Elite Member
Aug 21, 2003
48,044
37,233
136
The reason their taxes went up is because they are now massively wealthier.

I struggle to understand why poorer people should pay higher taxes than wealthier people. That makes no sense to me.

They are poor because they only make 3K/mo from social security but their property is worth like $4M has always been a pretty weird argument.
 
Nov 17, 2019
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The argument may be that their property isn't really worth that. The value is artificial based on speculation. Take what they paid, what the value was for the first X years of ownership, calculate in some normal inflation and see where you are compared to the current 'value' on tax forms.
 

brycejones

Lifer
Oct 18, 2005
27,596
26,707
136
The argument may be that their property isn't really worth that. The value is artificial based on speculation. Take what they paid, what the value was for the first X years of ownership, calculate in some normal inflation and see where you are compared to the current 'value' on tax forms.
It's a pretty bullshit argument.

Property tax assessments are based on sales of properties similar to yours in your area. How various factors impact valuations in areas are long understood.

IT"S NOT SPECULATION.

However there are also appeal processes homeowners can use to argue their property is worse less for some reason.
 

Greenman

Lifer
Oct 15, 1999
20,928
5,554
136
I was under the impression that US property tax is analogous to UK council tax in that it pays for a ot of services that the community uses (roads, police, schools etc). That stuff needs funding so if you scrap property tax which other tax are you going to increase?
You have it right. All of those things could be funded through other taxes. My issue with property tax is that the owner is taxed on unrealized value. If we're going down that road, shouldn't retirement accounts be taxed on their value every year?
It just seems wrong to me that the state can come along and decide the home you paid $100k for is now worth a million so pay up or get tossed out so someone with more money can have your place.
The voters in California passed prop 13 by nearly a two to one margin, that's a land slide in anyone's book.
 

[DHT]Osiris

Lifer
Dec 15, 2015
15,266
13,568
146
ALL properties should be fairly taxed. ALL property owners should pay a fair tax.

HOW to define that fair tax is in question. Some communities go overboard and assess unreasonably high. Some are undertaxed.

I'm on an age based exemption which is at the discretion of the local and state authorities.
Right after the Churches do.
I'll be the devil's advocate there. No taxation without representation, and you really, really don't want church representation any more than they already have.
 

K1052

Elite Member
Aug 21, 2003
48,044
37,233
136
You have it right. All of those things could be funded through other taxes. My issue with property tax is that the owner is taxed on unrealized value. If we're going down that road, shouldn't retirement accounts be taxed on their value every year?
It just seems wrong to me that the state can come along and decide the home you paid $100k for is now worth a million so pay up or get tossed out so someone with more money can have your place.
The voters in California passed prop 13 by nearly a two to one margin, that's a land slide in anyone's book.

You can't live in a retirement account.

Prop 13 is directly responsibility for a large part of the CA housing shortage. It is outright theft from the younger generations by the older.
 

fskimospy

Elite Member
Mar 10, 2006
85,620
50,819
136
You have it right. All of those things could be funded through other taxes. My issue with property tax is that the owner is taxed on unrealized value. If we're going down that road, shouldn't retirement accounts be taxed on their value every year?
This is an argument against property taxes as a concept. It is not an argument in favor of prop 13, whose fundamental premise is that new homeowners should be taxed more than existing homeowners, which is a bad idea.
It just seems wrong to me that the state can come along and decide the home you paid $100k for is now worth a million so pay up or get tossed out so someone with more money can have your place.
The state doesn't simply decide that and you can appeal their assessment if you want. I think it's wrong when poor people have to pay vastly higher taxes than their rich neighbor for an identical house.
The voters in California passed prop 13 by nearly a two to one margin, that's a land slide in anyone's book.
Of course they did! The people who voted for it were already in their houses, the people it was screwing over were the new guys.
 

JD50

Lifer
Sep 4, 2005
11,753
2,344
126
You have it right. All of those things could be funded through other taxes. My issue with property tax is that the owner is taxed on unrealized value. If we're going down that road, shouldn't retirement accounts be taxed on their value every year?
It just seems wrong to me that the state can come along and decide the home you paid $100k for is now worth a million so pay up or get tossed out so someone with more money can have your place.
The voters in California passed prop 13 by nearly a two to one margin, that's a land slide in anyone's book.
lol you don't get tossed out, you sell your home and walk away with a $900k profit. Oh god how awful
 
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fskimospy

Elite Member
Mar 10, 2006
85,620
50,819
136
lol you don't get tossed out, you sell your home and walk away with a $900k profit. Oh god how awful
Poor millionaire grandma, thrown out on the street with nothing but her giant piles of money to console her.
 

K1052

Elite Member
Aug 21, 2003
48,044
37,233
136
lol you don't get tossed out, you sell your home and walk away with a $900k profit. Oh god how awful

Yeah but then they have to enter the other side of the market which made their windfall possible in the first place. They don't wanna do that unless they have some kind of new edge.
 
Reactions: iRONic
Nov 17, 2019
12,228
7,353
136
"You can't live in a retirement account."

I can. I do.


"The state doesn't simply decide that and you can appeal their assessment ... "


That is EXACTLY what some states do. Or cities in some cases. And who do you appeal to? The same entity that set the higher rate. Appeals that result in significantly lower rates are rare.
 

fskimospy

Elite Member
Mar 10, 2006
85,620
50,819
136
And go where? Short of long distance re-location, housing prices will make that essentially useless.
They could buy a more modest place, they could rent, they could move somewhere else, etc.

Prop 13 basically works on the concept that the wealthier you are the lower taxes you pay, all while ensuring even if you do want to move out of your house you can't because of the tax penalties. One of the dumbest laws ever passed.
 
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