Re:Elon Musk moves to Texas
by rrrrrrrrrrrryan on Wednesday December 09, 2020 @02:51PM
(#25363654)
Compared to California, most states depend less on income taxes and more on property taxes, which is part of the reason why property prices are higher in California.
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I think California would have higher property taxes if they hadn't implemented prop 13 back in the 80s. Really messed up the state tax dynamics imho. Policy started from a good place but ended up with weird ripple effects.
Indeed. Proposition 13 was a monkey wrench.