Comments on: Tax Hike Idea Ignores 'Capitalization'

By: John Seiler

John Seiler — Sat, 25 Sep 2010 02:40:59 +0000

Wayne: Great points. The medium-level (not low) property tax is the one area we get a little break in Taxifornia. The sales and income taxes, not to mention taxes for such essentials as tobacco, are either the highest in the nation, or close to it.

And if Prop. 13’s ramparts are breached once, soon the whole fort will collapse.

Saunders is a great columnist, but she’s wrong here.

By: Charles Sainte Claire

Charles Sainte Claire — Thu, 23 Sep 2010 00:35:54 +0000

“You finally pay off your home, but unless you’re either very wealthy, or retired on an obscenely generous public sector pension, you will have to pay property taxes or lose your home.”

I missed something here. You pay property taxes. Period. Wealth or pension have nothing to do with it.

By: Wayne Lusvardi

Wayne Lusvardi — Wed, 22 Sep 2010 23:27:50 +0000

Jason: You bet California has a spending problem. I wrote about it here
Ending Earmarks Saved CA Schools
http://www.calwatchdog.com/2010/09/19/ending-earmarks-saved-ca-schools/

By: Jason Herzfelder

Jason Herzfelder — Wed, 22 Sep 2010 20:59:17 +0000

Your point would have more validity if there was a revenue problem, but there isn’t. There is a SPENDING problem. The state and local governments in California rake in a combined $400+ billion every year in various tax revenues. And property tax is perhaps the most demotivating of all taxes. You finally pay off your home, but unless you’re either very wealthy, or retired on an obscenely generous public sector pension, you will have to pay property taxes or lose your home. Property taxes should be abolished. And if not, why ANY increase over the basis? We aren’t in an inflationary environment. We’re in a deflationary environment, which you even allude to in your central point.

My property taxes, your big fat stinking pension that makes social security look like an insulting joke by comparison. No thank you.