Re:Other challenges to SV’s preeminence are more fundamental...
by astrange on Sunday March 21, 2021 @04:39AM
(#26529012)
California doesn't have a high tax burden. If you manage to get a house you're actually set, it's a feudal system where you essentially never have to pay taxes again, since your property tax will be below inflation forever.
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Re:Other challenges to SV’s preeminence are more fundamental...
by gedy on Sunday March 21, 2021 @08:10AM
(#26529824)
Prop 13 allows for 2% increase every year[0]. That's more than the (supposed) inflation rate in many years[1], though agreed that feels inaccurate.
[0] https://en.m.wikipedia.org/wiki/1978_California_Proposition_...
[1] https://tradingeconomics.com/united-states/inflation-cpi
Re:Other challenges to SV’s preeminence are more fundamental...
by keenreed on Sunday March 21, 2021 @08:29AM
(#26529912)
Compared to what? California is not exactly known as tax heaven.
Re:Other challenges to SV’s preeminence are more fundamental...
by astrange on Sunday March 21, 2021 @08:39AM
(#26529970)
That’s because the only people who complain about “taxes” in general terms are propagandists like Grover Norquist who don’t care about reality. People actually trying to skip on their tax bills like Musk tend to do it quietly and make up excuses.
Anyone who lives here knows perfectly well that their neighbor who bought a house in the 80s has a property tax bill 10x lower than theirs - actually I live next to several car dealerships who’d pay less than I would if I could afford a house here. That’s the power of Prop 13.
Besides that, CA residents are probably getting a tax refund this year because the state has a budget surplus.