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Old 03-24-2016, 02:27 PM
 
26,591 posts, read 52,303,280 times
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10k now in East Oakland... 1958 Rancher with Formica and linoleum and 1725 square feet... and I live in a State where people Prop 13 made property tax too cheap.
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Old 03-24-2016, 03:01 PM
 
Location: VT; previously MD & NJ
2,202 posts, read 1,347,729 times
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Quote:
Originally Posted by Vision67 View Post
Many of my Engineering friends who are still working are now choking on college costs. Their kids tend to be very smart and get into good schools but because their family incomes are above average, they get very little financial aid. The scholarships help but not enough.

They are having a hard time saving for retirement.
Well, you see, that's the alternative retirement plan. You educate your kids so they can afford to take care of you in your old age.
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Old 03-24-2016, 04:24 PM
 
Location: Ponte Vedra Beach FL
14,628 posts, read 17,932,507 times
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Quote:
Originally Posted by Ultrarunner View Post
10k now in East Oakland... 1958 Rancher with Formica and linoleum and 1725 square feet... and I live in a State where people Prop 13 made property tax too cheap.
That is kind of mind-blowing. What is the house assessed at for tax purposes? Robyn
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Old 03-24-2016, 06:00 PM
 
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2014 assessed 600K and taxed $9,480

2015 assessed 701K and taxed $10,800
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Old 03-24-2016, 07:21 PM
 
Location: Eastern Washington
14,242 posts, read 44,919,845 times
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Quote:
Originally Posted by Ultrarunner View Post
2014 assessed 600K and taxed $9,480

2015 assessed 701K and taxed $10,800
Wow. Are those in dollars or more likely Mexican Pesos?
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Old 03-24-2016, 07:58 PM
 
26,591 posts, read 52,303,280 times
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No... just an example of cheap Prop 13 taxes in California.

I bought the home in December of 2003

Every time I read about cheap California Prop tax and how the State infrastructure is falling apart because Californians don't pay enough in taxes it is all I can do to be civil at times...

I anticipate it will soon be a $1000 a month just to cover the property taxes on my home...

I personally know home buyers in 2007 that fled as prices dropped... few talk about the crazy taxes they had to keep paying waiting years for their Alameda County appeals to be decided... I filed two appeals on my home back to back and won... I still had to pay all the tax as billed and wait over 2 years and pay a filing fee to earn a partial refund... covering just the year of appeal.
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Old 03-24-2016, 10:05 PM
 
Location: Prepperland
13,735 posts, read 9,848,997 times
Reputation: 9853
Quote:
Originally Posted by jim9251 View Post
Luckily I have a good retirement, but enjoy the benefits of the Social Security system I PAID IN TO for the past 50 years or so. People forget, that isn't a gift, it's our money. I know a few people who live on SS payments alone, and because of media hype are terrified their payments will be stopped.
What you believe and what the law says do not agree.

http://www.ssa.gov/history/nestor.html
[scribd]13672493[/scribd]
"One of the most enduring myths of Social Security is that a worker has a legal right to his Social Security benefits. Many workers assume that, if they pay Social Security taxes into the system, they have some sort of legal guarantee to the system's benefits. The truth is exactly the opposite. It has long been law that there is no legal right to Social Security. In two important cases, Helvering v. Davis and Flemming v. Nestor, the U.S. Supreme Court ruled that Social Security taxes are simply taxes and convey no property or contractual rights to Social Security benefits."
Basically, the FICA scam is a "Tax and Bribe" switcheroo, leading the payer to believe he's "owed" when in fact, CONgress is under no obligation to pay.
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Old 03-24-2016, 10:17 PM
 
33,046 posts, read 22,062,610 times
Reputation: 8970
Quote:
Originally Posted by Ultrarunner View Post
No... just an example of cheap Prop 13 taxes in California.

I bought the home in December of 2003

Every time I read about cheap California Prop tax and how the State infrastructure is falling apart because Californians don't pay enough in taxes it is all I can do to be civil at times...

I anticipate it will soon be a $1000 a month just to cover the property taxes on my home...

I personally know home buyers in 2007 that fled as prices dropped... few talk about the crazy taxes they had to keep paying waiting years for their Alameda County appeals to be decided... I filed two appeals on my home back to back and won... I still had to pay all the tax as billed and wait over 2 years and pay a filing fee to earn a partial refund... covering just the year of appeal.

Fleeing California homeowners leave with enough cash to disrupt markets in their new location.
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Old 03-24-2016, 11:18 PM
 
26,591 posts, read 52,303,280 times
Reputation: 20428
Yes they do and many that leave cash out... they take the windfall plus pensions... some of the biggest groups are former public safety...
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Old 03-25-2016, 12:32 AM
 
Location: RVA
2,166 posts, read 1,266,787 times
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While it's true Congress COULD alter the SS laws to modify benefits, the same could be said about any right not directly in the Constitution. Denial of SS payments for deportation because of being found guilty of Communism during the McCarthy Commie witch hunts would hold as much water as a fly swatter today in court. There are scads of SS attorneys that live off benefit judgements. More fear mongering.
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