Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (231192)	4/30/2005 3:56:18 AM
From: Jim McMannis	Read Replies (2) \| Respond to of 1571898

RE:"The state with some of the best weather and coastal beauty in the country is turning into a pit." You could say the same for Florida.

To: tejek who wrote (231192)	4/30/2005 8:15:59 PM
From: combjelly	Read Replies (1) \| Respond to of 1571898

"" Sales tax rates are high enough to provoke wholesale tax avoidance"" How is that supposed to work? We have about the same rate as California 8.25% in most places but can be as low as 6.25% if you buy in an unincorporated area where the county doesn't add for bridges. I have never heard of anybody expending much effort to avoid sales taxes. True, big car dealerships tend to be in areas where the sales taxes are lower, but that was true even before there was the patchwork scheme of sales taxes. Now true, we don't have a state income tax, the mere idea makes me itch, and that might make a difference. Now our property tax rate is higher than in California, but property values are a lot less too. Factor in that wages are a lot higher in California and one is led to the conclusion that they whine too much...

To: tejek who wrote (231192)	5/1/2005 11:16:25 AM
From: TimF	Read Replies (1) \| Respond to of 1571898

The 2% limit doesn't apply when the home is sold (you can have any sort of jump when that happens), and I think there may be other exceptions. I could go on but I don't have the time. Prop. 13 has given the gov't haters of CA what they wanted........cheap prop. taxes. Unfortunately, along the way, the state could no longer be called the Golden State. Ten is living probably in one of the better areas and even he complains about traffic and other negatives. What has been done to CA is a crime. The state with some of the best weather and coastal beauty in the country is turning into a pit. I don't think CA's property taxes are really all that low, they are not near the bottom. Every time a house is sold the house assement goes up without limit. Also even if CA's property taxes are low, there overall tax burden is not, so Prop13 is not starving the government for cash. Tim