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Oh that's right, prop 19 makes this a lot better. Thank you for the precision.
by ClydeBruckmans 6y ago
Oh that's right, prop 19 makes this a lot better. Thank you for the precision.
- bdowling 6y agoThe very wealthy will avoid the tax increase by holding property in corporate entities and passing the stock to their children. Moderately wealthy people (e.g., working professionals who also own small properties) will be affected the most because they often don't do the same kind of estate planning that the very wealthy do.