CA Prop 15: Thoughts?

[grapedrink]

What say ye? Initially I thought it could be an ok prop because they that they will charge higher property taxes to "big corporations". Now that I look at the fine print, the threshold for what's considered big biz is a property valued at $3M. Which is what, 1/3 of a Whole Foods in a coastal county?

Also, if a landlord owns a strip mall or plaza worth $3M+ but subs out smaller shops to local businesses, won't they simply just pass on that cost?

 

[Brsnstein]

Hard no

 

[grapedrink]

Hard no

I usually vote NO on props if I have even minimal doubt, or I'll abstain if I am 50/50. Rarely do I vote yes.

Prop 21 looks like another hard Fook No.

 

[PRCD]

What say ye? Initially I thought it could be an ok prop because they that they will charge higher property taxes to "big corporations". Now that I look at the fine print, the threshold for what's considered big biz is a property valued at $3M. Which is what, 1/3 of a Whole Foods in a coastal county?

Also, if a landlord owns a strip mall or plaza worth $3M+ but subs out smaller shops to local businesses, won't they simply just pass on that cost?

Last nail in the coffin for CA business and CA commercial real-estate. Will greatly accelerate our implosion combined with the proposed income, wealth and exit tax hikes. .

https://www.bizjournals.com/sanfrancisco/news/2020/09/29/as-ron-suber-departs-sf-investor-alison-davis-s.html

$3 million is almost nothing.

 

[the janitor]

This sounds like a fantastic idea, let's add some uncertainty into school funding since the tax receipts will be decided by the valuation each year. This year and next year should be fantastic examples of what could possibly go wrong

 

[plasticbertrand]

What say ye? Initially I thought it could be an ok prop because they that they will charge higher property taxes to "big corporations". Now that I look at the fine print, the threshold for what's considered big biz is a property valued at $3M. Which is what, 1/3 of a Whole Foods in a coastal county?

Also, if a landlord owns a strip mall or plaza worth $3M+ but subs out smaller shops to local businesses, won't they simply just pass on that cost?

Classic, always care about poor, poor commercial real estate guys like Trump who use the tax loopholes to avoid paying taxes and ignore what the prop actually funds as well as the fact that prop13 starved the funds for public services that are demanded from the government.

"Increases Funding for Public Schools, Community Colleges, and Local Government Services by Changing Tax Assessment of Commercial and Industrial Property. Initiative Constitutional Amendment. * Increases funding for K-12 public schools, community colleges, and local governments by requiring that commercial and industrial real property be taxed based on current market value, instead of purchase price. * Exempts from taxation changes: residential properties; agricultural land; and owners of commercial and industrial properties with combined value of $3 million or less. * Any additional educational funding will supplement existing school funding guarantees. * Exempts small businesses from personal property tax; for other businesses, provides $500,000 exemption."

 

[rowjimmytour]

Classic, always care about poor, poor commercial real estate guys like Trump who use the tax loopholes to avoid paying taxes and ignore what the prop actually funds as well as the fact that prop13 starved the funds for public services that are demanded from the government.

"Increases Funding for Public Schools, Community Colleges, and Local Government Services by Changing Tax Assessment of Commercial and Industrial Property. Initiative Constitutional Amendment. * Increases funding for K-12 public schools, community colleges, and local governments by requiring that commercial and industrial real property be taxed based on current market value, instead of purchase price. * Exempts from taxation changes: residential properties; agricultural land; and owners of commercial and industrial properties with combined value of $3 million or less. * Any additional educational funding will supplement existing school funding guarantees. * Exempts small businesses from personal property tax; for other businesses, provides $500,000 exemption."

+1 community colleges

 

[Your Moms Dildo]

I'm seeing a mass exodus in my hood now.

I know 7 families that have sold recently and moved out of state.

2 families to Texas
1 to Georgia
1 to Idaho
1 to Oklahoma
2 to Arizona

 

[Kento]

I'm seeing a mass exodus in my hood now.

I know 7 families that have sold recently and moved out of state.

2 families to Texas
1 to Georgia
1 to Idaho
1 to Oklahoma
2 to Arizona

Let's get CA down to 5 million people.

Lebensraum by subtraction (but without the death).

 

[plasticbertrand]

As for "passing the cost", it's about greed of these fucktards, not about the taxes.

They want to keep using the loopholes.

Pay your fair share and STFU.

 

[plasticbertrand]

I'm seeing a mass exodus in my hood now.

I know 7 families that have sold recently and moved out of state.

2 families to Texas
1 to Georgia
1 to Idaho
1 to Oklahoma
2 to Arizona

These families have commercial real estate property worth over $3 million?

 

[Your Moms Dildo]

Let's get CA down to 5 million people.

Lebensraum by subtraction (but without the death).

That would mean managing a budget.

Not exactly Sacramentos strong suit.

 

[GWS_2]

So the owner of the building wherein my shop is located will have his taxes go up.

Which means he will raise my rent.

Which means the price of cutting your boards just went up.

sh!t rolls downhill, like always.

 

[plasticbertrand]

Imagine being so dumb to ruin your life and move to Arizona so you can avoid paying taxes.

 

[Kento]

That would mean managing a budget.

Not exactly Sacramentos strong suit.

Haha true although I would say that it's a bit of a national problem - both personal and government.

 

[plasticbertrand]

So the owner of the building wherein my shop is located will have his taxes go up.

Which means he will raise my rent.

Which means the price of cutting your boards just went up.

sh!t rolls downhill, like always.

Why would they raise your rent?

Because they want to keep paying no taxes.

Blaming this on taxes is proposterous.

I don't pass my having to pay taxes to my clients.

 

[GWS_2]

Why would they raise your rent?

Because they want to keep paying no taxes.

Blaming this on taxes is proposterous.

I don't pass my having to pay taxes to my clients.

This is the way things work in the real world.

Think about it.

 

[PRCD]

So the owner of the building wherein my shop is located will have his taxes go up.

Which means he will raise my rent.

Which means the price of cutting your boards just went up.

sh!t rolls downhill, like always.

We talk about the greed of landlords but never the bureaucratic greed Solzhenitsyn described:

In different places over the years I have had to prove that socialism, which to many western thinkers is a sort of kingdom of justice, was in fact full of coercion, of bureaucratic greed and corruption and avarice, and consistent within itself that socialism cannot be implemented without the aid of coercion.

Government need for taxes is mostly due to the need to keep up with pension promises to bureaucrats whose total compensation is astounding compared to the average income in this state.

I don't know if you're noticed, but the infrastructure is not being maintained, so the taxes aren't going there.

 

[kidfury]

Government need for taxes is mostly due to the need to keep up with pension promises to bureaucrats whose total compensation is astounding compared to the average income in this state.

Link?

 

[npsp]

Hard NO!!!!!
Sacramento needs a complete audit of where our tax $$$s are going before any new taxes can be considered. This goes for each county and municipality. So much tax $$$s already pours into the coffers and gets wasted it's unbelievable. I see it everyday. First thing that needs to be done is get rid of public employee unions and require an overhaul of the public employee retirement benefit program. Once that is done, require any modifications to said program be subject to public vote.