News for hackers. Stuff that matters.

A comment on The IRS Sets a Trap for Cryptocurrency Tax Cheats. Parent comment

Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by stickfigure on Saturday September 26, 2020 @01:24PM (#24600500)
Plus a 9% sales tax, and high property taxes if you bought in recently.
[ Parent | on HN ]
Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by ec109685 on Saturday September 26, 2020 @07:02PM (#24602830)
California property taxes aren’t that high, even for new owners compared to other states.
[ Parent | on HN ]
Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by cgriswald on Saturday September 26, 2020 @09:03PM (#24603387)
In this case the relevant metric is property tax as a percentage of income rather than as a percentage of property value. On average, California is somewhere around 15th in the nation, but there's a sharp divide between new owners and grandfathered owners.
[ Parent | on HN ]