[quote=AN]I don’t mind removing MID and prop 13 IF tax rate decrease enough to offset the additional tax, which means my net change tax dollar would be 0. However, I highly doubt that would ever happen. What would more likely happen is the removal of MID and Prop 13 but also increase in income tax. So, my first instinct is to object any kind of such proposal. Unless both tax rate decrease and removal of MID/prop 13 is on the same bill.[/quote]
I don’t think they would increase the income tax rate if they eliminated MID and Prop 13, but they could (and should) leave it at the same levels, at least (possibly lower state income tax in CA a bit).
Again, these are tax subsidies that have questionable goals, with the exception of keeping people from being taxed out of their primary homes.
