Lizzie, Lizzie, Lizzie --
Why do continue to assume ANYTHING about my finances and tax liabilities?
And, please, check property taxes in Texas, NJ, Fla and other states before complaining about yours. ALL Californians enjoy very reasonable real estate taxes. I see nothing other than ENVY in your complaint that long-time home-owners are not taxed on unrealized gains.
Your plan would force many long-time owners to sell and move. Is that fair?
Is it fair for a homeowner to deduct his taxes and mortgage interest when renters have no such tax relief?
I'm going for a walk by the ocean. Later - M
*******Remarks below from Lizzie***********
It seems to me, that no matter what is wrong with schools or SS, the situation now is that
the young are paying too MUCH or you are paying too LITTLE. So, if you accept that it
either means we cut SS taxes for the young to your levels (about oh, 10% of what they are
now), and in some states like Ca same for property taxes, or, we raise your taxes to our
levels.
Since SS is "not at tax" according to the aarp, substantial cuts in what the young pay-in will
cut your benefits by 75% or so I would guess. But if I were you, I would choose that over
paying what the young pay which is about 25-30K/year for a couple into programs that you
get for free. |
