Prop 13 reform to be on 2020 ballot (San Francisco, Sacramento: shop, assessment, wealthiest)

[2sleepy]

Originally Posted by Woody01

I think he was asking 'why more? Why always more'. There is tremendous waste and graft in CA....

Do you really think that's limited to California?

[Woody01]

Of course not. They just excel in separating people from their money (taxes/regulations/fees), and then spending it on things other than promised (gas tax is a good example).

[CA4Now]

Opinion piece from 2 years ago, S.F. Chronicle:

"Big corporations such as Chevron are able to take advantage of protections that should be reserved for small businesses, homeowners and renters. These big corporations are paying taxes on property valued at the same amount it was in 1978 — 40 years ago! Meanwhile, startups and newer companies sometimes pay 10 to 20 times higher property tax for identical properties."

Close the Prop. 13 commercial property tax loophole:
https://www.sfchronicle.com/opinion/...x-12309595.php

[expatCA]

Originally Posted by CA4Now

Opinion piece from 2 years ago, S.F. Chronicle:

"Big corporations such as Chevron are able to take advantage of protections that should be reserved for small businesses, homeowners and renters. These big corporations are paying taxes on property valued at the same amount it was in 1978 — 40 years ago! Meanwhile, startups and newer companies sometimes pay 10 to 20 times higher property tax for identical properties."

Close the Prop. 13 commercial property tax loophole:
https://www.sfchronicle.com/opinion/...x-12309595.php

Yep, tax the big contributors to politicians.

[Ultrarunner]

Thing is the value is looked at annually and increases capped at 2% annually.

Would be hard pressed to find any property valued the same over 40 years even if nothing else changed...

Plus... companies like Disney and Chevron are continually building/renovating/adding and these are all at current market value... so it is a blend of values.

Also... no where in California can a corp "Vote"... on people vote.

[V8 Vega]

Originally Posted by CA4Now

Opinion piece from 2 years ago, S.F. Chronicle:

"Big corporations such as Chevron are able to take advantage of protections that should be reserved for small businesses, homeowners and renters. These big corporations are paying taxes on property valued at the same amount it was in 1978 — 40 years ago! Meanwhile, startups and newer companies sometimes pay 10 to 20 times higher property tax for identical properties."

Close the Prop. 13 commercial property tax loophole:
https://www.sfchronicle.com/opinion/...x-12309595.php

So ultrarunner above blows this up badly.

[Ultrarunner]

I believe there never would have been a taxpayer revolt had the legislature indexed the Home Owner exemption for inflation...

Even this simple act was not possible so voters took the matter into their hands... against all odds... elected official, schools, unions, etc... all against it.

Say the average home back in the 70's was about 35k and a 7k exemption was significant... especially for owners of modest homes... plenty of older inner city homes in the SF Bay areas could be had for less... even in the 20k range... so the Home Owner Exemption and in these cases the Home Owner exemption could equal a 33% savings...

There were plenty of abandoned homes I passed by in East Oakland walking to school in the 70's that were being offered for sale for $1 under a program to reclaim them.

Indexing could be like buying a 750k home and paying tax based on 500k... and the HO exemption was not available to business and only one per person...

It is fascinating looking at the how and why things come to be... Prop 13 was laughed off and not given a ghost of a chance... and we all know how that went.

I was not old enough at the time to vote but remember tax time very well... plus stag-flation, gas lines, energy crisis... etc...

[CA4Now]

Originally Posted by V8 Vega

So ultrarunner above blows this up badly.

Ultrarunner has an opinion, which I respect. However, in regard to closing the corporate loophole, I differ.

And YOU, Vega, besides criticizing everyone and everything in this state, have what...an actual opinion about something? Let's hear it, then.

[Ultrarunner]

I'm more in the camp of not trusting our political leaders one bit when it comes to taxes...

It is no secret from the time it appeared Prop 13 could pass the opposition has never stopped... from putting a competing measure on the ballot to making a case to the US Supreme Court...

Neighboring states do not have all the taxes that CA imposes... the big 3 are Income, Sales and Property...

Actually know people that moved to NV to die... a CPA with terminal cancer said he wouldn't do that to his family... that is die in California... 18 months later he succumbed to cancer at home Zephyr Cover Lake Tahoe... just over the State Line.

[BB_210]

Originally Posted by CA4Now

Ultrarunner has an opinion, which I respect. However, in regard to closing the corporate loophole, I differ.

And YOU, Vega, besides criticizing everyone and everything in this state, have what...an actual opinion about something? Let's hear it, then.

There's no corporate loophole. There's no justification for more taxes. There's probably a good explanation why anyone would vehemently defend the D money grab time and time again.