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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST

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To: koan who wrote (60865)2/8/2010 1:16:50 PM
From: Lazarus2 Recommendations  Read Replies (2) of 217638
 
I think you have a skewed view...

Poor guy. Has a 1.5 million house paid off

more than likely he paid around $75 - 100k and worked hard to pay it off.

most people when they bought homes back then (like my father) never thought in their wildest dreams they would be worth what they are today.

That means he is a millionair able to hide his tax bill.

get a farking life!

IT MEANS HIS HOUSE IS WORTH A MILLION+ DOLLARS which has absolutely nothing to do with what HE IS WORTH.

If he was so rich he wouldnt still be working (which he is). I'm certain his pension/ss/etc is a modest sum that NEVER assumed having to pay $1500.00 per month in property taxes.

There was an old guy in our church who had a farm on one of our main streets that was worth MILLIONS. His home on that property was little more than a simple shack. He drove a 1977 plymouth valiant that he purchased new. DO YOU REALLY THINK THESE FOLKS WHO BOUGHT LAND MANY YEARS BACK AT HUNDREDS OF DOLLARS PER ACRE SHOULD BE OBLIGATED TO PAY TAXES AT HUNDREDS OF THOUSANDS OF DOLLARS PER ACRE?

One of the main purposes of prop 13 was to prevent older people from getting TAXED OFF THEIR PROPERTIES.
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