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Can anyone tell me why a maximum tax growth isn't a better solution? Same idea but cap it at.. 2-3% a year or something? Would protect buyers from wild swings
by abritinthebay 10y ago
Can anyone tell me why a maximum tax growth isn't a better solution?
Same idea but cap it at.. 2-3% a year or something? Would protect buyers from wild swings but allow growth in tax revenue over time.
It's the lock-in that's the issue, surely?
- Kaizyn 10y agoThis doesn't help fixed income home owners who Prop 13 was designed to protect.
- abritinthebay 10y agoMy ass it was designed that way. It was sold that way and continues to be lobbied that way because it's an easy emotional sell. But designed? No. Also then fix it just for fixed income as an exception. Or make it a tax credit you can claim from state. There are a ton of really easy and trivial solutions that any legislation that was designed to solve that problem could of used. It didn't - they knew what they were doing.