Bill Clinton Scandal - SANITY CHECK Message Board

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Politics : Bill Clinton Scandal - SANITY CHECK

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To: Lizzie Tudor who wrote (4049)	9/20/1998 9:48:00 PM
From: Zeuspaul	Read Replies (1) of 67261

OFF TOPIC >>It is blatant age discrimination because 50 yr olds that bought their house in 1980 now might pay $200/yr in property tax, but if I bought that same house I would pay $10000. The republicans back the law because it "keeps the neighborhoods consistent" or some silly quote like that. Whose business is it of theirs. Everyone should have to pay taxes on what the house is worth period. Thats what the dems think and the libertarians but the repubs are in bed with the landlords etc<< And when you are 50 you get the same deal. Do you really want to take away a home from an elderly person on fixed income as their property value rises beyond their control? Or from a student with limited resources as was my case? This law has removed real estate property tax from politicians' whim. You can now buy a house and know in advance how much it will cost. My own experience: I bought a house in 1977. It was a small house and it was all I could afford. The property taxes were $500. Within the year I got a property tax bill for $1500. I would have lost my house if it were not for the voters placing handcuffs on the governments ability to raise taxes at will. Many elderly people on fixed incomes did lose their homes as their property taxes tripled. I have since sold the house and now have a new tax based on the value of my new home. I can plan for retirement because I know what my expenses will be. I do not find it unfair that my tax bill is higher than my neighbor. I have once again extended myself and could only do so with confidence as I have a fixed rate mortgage, fixed taxes ( they increase 2 percent per year by law..not too far off the inflation rate) and I know what my income is and what it will likely be when I retire. ( unless I make some lucky stock picks.) Be careful what you wish for as you might get it. What the opponents of prop 13 want is an open checkbook and the money will come out of your pocket. Putting this ability to tax at will back in the hands of the democrats or the republicans would be a big mistake IMO. Independent Zeuspaul

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