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To: anializer who wrote (33118)	12/25/2008 2:14:19 PM
From: Spekulatius	Respond to of 78659

Anializer - it's the first time i hear that property taxes finance the war. I guess they invented this excuse so taxpayers are mad about Bush and the Iraq war rather than the state government. Thanks god for having restrictions on the property in CA (Prop. 13). If it weren't for that I cannot image what property taxes would look like. As far as Paulson is concerned he should have been fired with his draft for TARP in September. His bailout benefits the large bank way more than Main street. While I agree with equity infusions I would have gone with the English model and voting shares at reasonable conditions for taxpayers, so the idiots cannot run the asylum without supervision any longer. I wonder why nobody (not even democrats) complains about BAC buying a 7B$ stake in Chinese banks, after they received TARP money.

To: anializer who wrote (33118)	12/25/2008 2:18:06 PM
From: longnshort	Respond to of 78659

Wasn't it NY that increased taxes on electricity but by Law told the electric company they couldn't show the increase as a tax but just a increase in the cost of electricity.

To: anializer who wrote (33118)	12/26/2008 10:49:55 AM
From: Oblomov	Respond to of 78659

Here in IN, there were large protests and nearly a tax revolt because the property tax rose to 1.5% of assessed value in some cases. There was an initiative to amend the state constitution to cap it at 1% and exempt homesteads (owner occupied property), but many legislators, interest groups, and lobbyists feared that this would limit their power, so they threw in the kitchen sink to stop it. The legislature capped the tax at 1% of assessed value without amending the constitution. My tax is currently $1800/yr on a $250K property. Of course, I do not live in the "city that never sleeps".