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Re:California plan for wealth tax on anyone who spends 60 da... by secabeen on Saturday December 19, 2020 @12:08PM (#25478899)
California does have high income tax, but property taxes are some of the lowest in the nation, and a recent attempt to reform those taxes failed. That leaves California 12th in state tax burden.

https://wallethub.com/edu/states-with-highest-lowest-tax-bur...

Re:California plan for wealth tax on anyone who spends 60 da... by Natales on Saturday December 19, 2020 @02:44PM (#25480499)
Property taxes in CA punish the newcomers and reward old money. When I bought in Mill Valley in 2001, I was literally paying 13X more taxes than my neighbor, a masseuse who inherited the property and kept the same tax rate her parents paid in the 70s. And as a very liberal town, every new tax initiative always passed, which again hit us harder.

If at least Prop 13 benefits could not be passed as inheritance, that would go a long way to balance things.

I'm happy I moved to WA now where my property taxes do get reassessed every year, but it balances out with no state income taxes.

Re:California plan for wealth tax on anyone who spends 60 da... by klipt on Saturday December 19, 2020 @12:44PM (#25479288)
Only helps if you're a homeowner. If you rent California probably has one of the highest tax burdens.
Re:California plan for wealth tax on anyone who spends 60 da... by pedrosorio on Saturday December 19, 2020 @03:08PM (#25480724)
> property taxes are some of the lowest in the nation

That's like citing the average rent in San Francisco. Great if you've been living in a rent controlled apartment for 30 years, but irrelevant if you've moved there recently.