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

To: tejek who wrote (483532)	5/27/2009 12:38:51 AM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1574005

Ted, > Uh.....your property taxes are figured at some ridiculously low rate...1%....if I remember correctly. That's due to Prop 13.....it put a cap on the tax rate. If it wasn't for Prop 13, you probably would be double the taxes. What do you pay? 1.5% Like I said before, California has figured out how to fund its programs for 30 years since Prop 13 passed, including its generous benefits to unions, etc. Tax revenues may fluctuate more if they depend a lot on income taxes, but the proper way to handle that is via good fiscal discipline to save during times of prosperity. Tenchusatsu