That's pushing 50 years ago, and how many people does that apply to? More realistic is say I bought 15 years ago - my house is "worth" 2.5x that. Why do I nee

That's pushing 50 years ago, and how many people does that apply to? More realistic is say I bought 15 years ago - my house is "worth" 2.5x that. Why do I need to pay 250% in taxes? Imagine now people on fixed incomes. This works okay in states like Texas that have no income tax, but hardly applies to California tax rates..