The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Metacomet who wrote (141353)	8/15/2008 6:30:44 PM
From: Peter V	Read Replies (2) of 306849

"Marginally literate folks who are convinced taxes are for other people have driven our country to where it is today." Really? Unless you are talking about Congress, I'm not sure your statement is even marginally accurate. I bet the marginally literate folks pay far more taxes than the very rich who can hire lawyers and accountants to legally shelter money. Tax avoidance is legal, tax evasion is not. Middle and upper middle class probably pay the majority of the taxes, they make enough to be in the highest brackets, but are not wealthy enough to create tax shelters. Marginally literate folks using H&R Block are paying plenty of taxes, I'm sure. Prop 13 was designed to avoid having a fixed income person be forced out of his/her home due to taxes. An elderly person may not be able to afford the tax burden as the price of the home appreciates, especially to the absurd levels they have gotten to lately. Given that the average American moves every 5-7 years, Prop 13 benefits those who stay put, which most often are the elderly.

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