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The rich do pay more taxes. That’s how property taxes are supposed to work.
by SamReidHughes 7y ago
The rich do pay more taxes. That’s how property taxes are supposed to work.
- erik_seaberg 7y agoRecent buyers do, but some Californians have inherited property with assessments based on market values from the 1980s.
- dragonwriter 7y ago> The rich do pay more taxes. That’s how property taxes are supposed to work. It's not how property taxes on California work, in practice, because of Prop 13.
- SamReidHughes 7y agoWhich is why I used "supposed to." They do get dinged on CA income tax, though.
- foogazi 7y agoHow does prop 13 discriminate between rich and poor in California?
- dragonwriter 7y agoThere's a number of ways to do multiple excluded (no full-value reset) transfers involving trusts that, because of the costs associated with establishing the trust, are more accessible to the rich.