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Financial instruments can turn their equity into an annuity which will pay the taxes, or the taxes can be deferred until they die or sell. The rest of the worl
by roca 7y ago
Financial instruments can turn their equity into an annuity which will pay the taxes, or the taxes can be deferred until they die or sell.
The rest of the world manages without Prop 13.
- fortran77 7y ago"A total of 44 states and the District of Columbia have at least some limit on the amount local communities can raise property taxes."