U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > California
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
Reply Start New Thread
 
Old 09-27-2011, 01:23 AM
 
16,704 posts, read 4,893,023 times
Reputation: 2988
Default If it's wrong to tax people out of their homes...

...why is it apparently okay to tax renters out of their homes?
Reply With Quote Quick reply to this message

 
Old 09-27-2011, 10:47 AM
 
19,805 posts, read 12,144,648 times
Reputation: 16739
You need to provide some more info or links.
Reply With Quote Quick reply to this message
 
Old 09-27-2011, 11:05 AM
 
Location: Police State
1,472 posts, read 1,159,564 times
Reputation: 1222
This isn't your Twitter account.
Reply With Quote Quick reply to this message
 
Old 09-27-2011, 01:19 PM
 
16,704 posts, read 4,893,023 times
Reputation: 2988
Quote:
Originally Posted by Bulldogdad View Post
You need to provide some more info or links.

California Proposition 13 (1978) - Wikipedia, the free encyclopedia
Reply With Quote Quick reply to this message
 
Old 09-27-2011, 01:22 PM
 
16,704 posts, read 4,893,023 times
Reputation: 2988
Quote:
Originally Posted by ZhugeLiang View Post
This isn't your Twitter account.

I may be a twit, but I don't have a Twitter account.
Reply With Quote Quick reply to this message
 
Old 09-27-2011, 02:21 PM
 
Location: Columbia, California
6,529 posts, read 14,187,038 times
Reputation: 4586
Quote:
Originally Posted by freemkt View Post
...why is it apparently okay to tax renters out of their homes?

CA only taxes home owners for property tax. The only tax a renter pays is sales tax, federal and state income tax.
Reply With Quote Quick reply to this message
 
Old 09-27-2011, 02:23 PM
Status: "Spiders DO have feelings and a sense of humanity." (set 9 days ago)
 
Location: Meth capital of the world.
7,882 posts, read 5,164,801 times
Reputation: 4064
Quote:
Originally Posted by freemkt View Post
I may be a twit, but I don't have a Twitter account.

Care to expand on your OP, I am a little confused, maybe give us a little more to go on??????????????????????
Reply With Quote Quick reply to this message
 
Old 09-27-2011, 07:22 PM
 
Location: Sierra Nevada Land, CA
4,604 posts, read 3,045,918 times
Reputation: 2854
Quote:
Originally Posted by freemkt View Post
...why is it apparently okay to tax renters out of their homes?
Could it be possible that this is a "strawman" thread?

You want high taxes on homes? Try Oregon.
Reply With Quote Quick reply to this message
 
Old 09-27-2011, 11:09 PM
 
16,704 posts, read 4,893,023 times
Reputation: 2988
Quote:
Originally Posted by ferretkona View Post
CA only taxes home owners for property tax. The only tax a renter pays is sales tax, federal and state income tax.

I had a lease which required me to pay the actual property taxes. I asked for this provision because I was around in 1978 and I saw the huge property tax cuts of Prop 13 that landlords pocketed instead of reducing rents as many renters were led to expect. I believe it's only fair that renters explicitly bear the property tax on their rented dwellings - and it's also only fair that renters explicitly benefit from any property tax cuts.

Under Prop 13, a renter can rent the same house for 30 years and helplessly watch reassessments drive up the property taxes and thus his rent, ultimately taxing him out of his home.

Clearly, the message of Prop 13 is that it is wrong to tax homeowners out of their homes, but renters are fair game to tax out of their homes.

It is a fundamental conservative principle that consumers (and therefore renters) pay taxes imposed on business (and therefore landlords)

Indeed, landlords are in business to make a profit, and renters MUST pay ALL of a landlord's operating expenses PLUS an acceptable profit to the landlord. Landlords unable to make an acceptable profit sell their properties, the rental supply falls, decreased supply drives up rents until profitability is restored.
Reply With Quote Quick reply to this message
 
Old 09-27-2011, 11:19 PM
 
16,704 posts, read 4,893,023 times
Reputation: 2988
Quote:
Originally Posted by tickyul View Post
Care to expand on your OP, I am a little confused, maybe give us a little more to go on??????????????????????

Properties are reassessed (generally) when they are sold. Rental properties, on average, are sold more often than owner-occupied homes (this appears to be driven largely by federal tax rules on rental property; many landlords find it advantageous to sell rental property a few years after they buy it, and then reinvest the proceeds in a different rental property, thereby allowing them to defer taxes on any capital gains realized).

So people who are renting can live in the same property for years or decades without having the same Prop 13 assessment protections that homeowners enjoy.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2011 data
Loading data...

123
Hide US histogram

Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > California
View detailed profiles of:

All times are GMT -6. The time now is 05:49 PM.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top