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olddad56 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-20-05 04:17 PM
Response to Reply #34
51. property taxes...
How long ago did your friend buy his house. Property taxes are based on the assessed value of the home at the time of purchase. If he bought it long ago and hasn't done anything to it to trigger a reassessment, then his taxes are low. Mine are low, as I have lived in the same house for 24 years.

My property taxes are only about $1500 a year. If I were to sell this house and buy the house next door, (comparable house), my taxes would then be about $5500 a year.

Arnold can't raise any tax because that would deeply erode his fan base. He can only pick on what he calls 'special interests' like kids (education), teachers (education) elderly, poor and disabled (welfare and medi-cal), state employees, nurses, etc. No closing tax loopholes that benefit the wealthy or corporations, no across the board cuts or taxes of any kind, after all, it was somehow the 'special interest groups' that caused the state to go bankrupt, it wasn't the energy swindle and the dot.com implosion. It was the fact that state employees belong to too powerful and successful of a pension program. It doesn't help that the state owes the pension program a few billion dollars.

Arnold is a fucking pig.
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