3 ms·
I care less about the old person being pressured to sell their multimillion dollar house than a poor person stuck in an area with a poor job market because they
by Aunche 5y ago
I care less about the old person being pressured to sell their multimillion dollar house than a poor person stuck in an area with a poor job market because they can't afford to move to a better one. Of course, since the latter is the status quo, people don't think about it as much.
Increasing the property tax would allow California to cut their sales tax, which would benefit lower income people.
- rcpt 5y agoIt's close. Last I looked California pulls in $50B per year in sales tax but Prop 13 is $30B on residential and $10B on commercial. I think to actually eliminate sales tax you'd need to end reassessment immunity and the 1% limit.