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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: koan who wrote (60865)	2/8/2010 4:26:25 PM
From: RJA_	Read Replies (1) of 217651

Hi Koan, normally you make sense... but not IMHO this time. __________ In Colorado, we have two tax limitation measures: TABOR (tax payer bill of rights) and Gallagher amendment. Both act to limit government tax increases to the level of inflation... and prevent any new taxes or tax increases without a vote. __________ Some folks have been lucky enough, and have worked hard enough to save and buy a place of their own... and pay it off. Without tax limitation measures, those folks wind up renting their home from the state for over $1000/mo. Retirement eventually hits us all, and unless you have an independent source of wealth or income, you can be taxed out of your home. In S. Florida taxes and insurance on a home that cost $210k in 1995 and $285k in 2000 now has taxes and insurance of roughly $12 - 15k on an annual basis (as per tales from our old neighbors). In Colorado, taxes and insurance for a nicer place on acreage are roughly $4k. There are lots of arguments about the needs for roads, education, and government this and that. But none of them make any sense if the end result is confiscation. Hows that from an old liberal?

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