Repeal Prop 13.
Amend Prop 13 with Prop 15.
Make businesses pay their share. Recoup Billions for public services
REMINDER: THE ARENA PLATFORM, INC. has no obligation to monitor the Forums. However, THE ARENA PLATFORM, INC. reserves the right to review any materials submitted to or posted on the Forums, and remove, delete, redact or otherwise modify such materials, in its sole discretion and for any reason whatsoever, at any time and from time to time, without notice or further obligation to you. THE ARENA PLATFORM, INC. has no obligation to display or post any materials provided by you. THE ARENA PLATFORM, INC. reserves the right to disclose, at any time and from time to time, any information or materials that we deem necessary or appropriate to satisfy any applicable law, regulation, contract obligation, legal or dispute process or government request. Click on the following hyperlinks to further read the applicable Privacy Policy and Terms of Use.
Repeal Prop 13.
Isn't part of the problem that businesses pay more taxes per unit of value than residential, so it incentivizes municipalities to zone more commercial?Amend Prop 13 with Prop 15.
Make businesses pay their share. Recoup Billions for public services
I agree, and let's also lower the inheritance tax exclusion to $1M, and raise the estate tax rate back up to 55%.I think they should at least get rid grandfathering ridiculously low taxes to new owners when the original owner passes. None of this pass it down or put it in a trust crap and pay $500 a year BS. If your Mom dies and leaves you a beachtown home that you otherwise can't pay the taxes for, tough sh!t. You're welcome to cash out.
Buddy of mine is in on the scam: he inherited his grandfather's house a few years ago which is now worth about a mil+. Pays $600/year.Isn't part of the problem that businesses pay more taxes per unit of value than residential, so it incentivizes municipalities to zone more commercial?
I wouldn't want to get rid of Prop 13 altogether, although I certainly think it needs reform. I think they should at least get rid grandfathering ridiculously low taxes to new owners when the original owner passes. None of this pass it down or put it in a trust crap and pay $500 a year BS. If your Mom dies and leaves you a beachtown home that you otherwise can't pay the taxes for, tough sh!t. You're welcome to cash out.
Good for him. They fuck you in taxes in so many other ways.Buddy of mine is in on the scam: he inherited his grandfather's house a few years ago which is now worth about a mil+. Pays $600/year.
...and they waste much of the tax revenue on stupid sh!tGood for him. They fook you in taxes in so many other ways.
You'll like Prop 13 in a few years when the property value used for tax assessment is lower than the actual market value.1 year later, I'm now a homeowner. Prop 13 is still a crock of sh!t, a tax gift to the wealthy that burdens everyone else. Abolish it.
On the other hand, it's one less Trannysylvanian coming here to buy it up.Isn't part of the problem that businesses pay more taxes per unit of value than residential, so it incentivizes municipalities to zone more commercial?
I wouldn't want to get rid of Prop 13 altogether, although I certainly think it needs reform. I think they should at least get rid grandfathering ridiculously low taxes to new owners when the original owner passes. None of this pass it down or put it in a trust crap and pay $500 a year BS. If your Mom dies and leaves you a beachtown home that you otherwise can't pay the taxes for, tough sh!t. You're welcome to cash out.
Good for me, still bad for California.You'll like Prop 13 in a few years when the property value used for tax assessment is lower than the actual market value.
1 year later, I'm now a homeowner. Prop 13 is still a crock of sh!t, a tax gift to the wealthy that burdens everyone else. Abolish it.
One of the problems that Prop 15 attempts to solve is that small, new business are at a tax disadvantage when competing with large, older business. Prop 15 attempts to bring taxes on large businesses in line with their property values. Basically, Disneyland, Hollywood studios (both massive land owners in CA) and other businesses benefit from the same loop hole that protects your grandparents on fixed income by freezing their tax rate to an outdated property value. Meanwhile, new business are taxed at a higher rate. The difference is, of course, Disneyland, Paramount Studio, and other large businesses are not on a fixed income.Isn't part of the problem that businesses pay more taxes per unit of value than residential, so it incentivizes municipalities to zone more commercial?
I'd be all for that. What's the worst thing that would happen- Disney raising it's ticket prices even more:One of the problems that Prop 15 attempts to solve is that small, new business are at a tax disadvantage when competing with large, older business. Prop 15 attempts to bring taxes on large businesses in line with their property values. Basically, Disneyland, Hollywood studios (both massive land owners in CA) and other businesses benefit from the same loop hole that protects your grandparents on fixed income by freezing their tax rate to an outdated property value. Meanwhile, new business are taxed at a higher rate. The difference is, of course, Disneyland, Paramount Studio, and other large businesses are not on a fixed income.
Prop 15 brings property tax rates on large businesses up to current assessment rates, recouping an estimated $12 billion.
One of the problems that Prop 15 attempts to solve is that small, new business are at a tax disadvantage when competing with large, older business. Prop 15 attempts to bring taxes on large businesses in line with their property values. Basically, Disneyland, Hollywood studios (both massive land owners in CA) and other businesses benefit from the same loop hole that protects your grandparents on fixed income by freezing their tax rate to an outdated property value. Meanwhile, new business are taxed at a higher rate. The difference is, of course, Disneyland, Paramount Studio, and other large businesses are not on a fixed income.
Prop 15 brings property tax rates on large businesses up to current assessment rates, recouping an estimated $12 billion.
Congrats about becoming one of the landed gentry.1 year later, I'm now a homeowner.
Possibly. But that depends on how much the lease/rental price is tied to expenses vs how much it is tied to a market of comps. In other words, are commercial landlords offering leases based on their bills or what they can get away with charging?I think 15 will pass because most people don't own commercial property and don't think it will affect them. Then the landlords of those properties will raise the rents(many commercial leases have a clause that passes along property tax increases)to their tenants and those businesses will raise their prices.
The older, larger competitors that benefit from the Prop 13 loophole are already operating with this competitive edge. Business large enough to incur a higher tax rate that aren't already paying one will have to make those decisions.What about small businesses that own their facility? Do you think they will absorb the doubling or tripling of their taxes? Or will they simply increase the price of their goods and services to offset the tax increase?
Currently. yes. Tax the working class a little and they are incapacitated. Tax em enough and you get real social change. We'll see what happens.The problem with taxing the "rich" is that people think that they themselves won't have to pay the increases but they always do.