[quote=ILoveRegulation]Property tax is just one type of tax that Californians have to pay. Income tax is another huge tax in California. If property taxes are artificially limited via proposition 13 and other props, then the state will just increase income tax because that is the tax they can increase. In California, income-earners subsidize property owners.
Why should the taxes of property owners be limited while the taxes on income earners are unlimited? Young, productive workers are subsidizing the lifestyles of all those retired old fogeys in La Jolla.[/quote]
I strongly believe that if they got rid of Prop 13, they’re not going to reduce the income tax. That is mind bending to even contemplate. Some tell me an instance where the government reduced a tax so I can have hope of that possibility. I think that’s a fallacy. The best we can hope for is to freeze the government from raising taxes and Prop 13 does that on at least one thing, a house, something that we live in.
I already addressed older people in LJ. As sdr said, there are old people elsewhere that need Prop 13. Also someday you will be old, too, and you will be thankful that Prop 13 is allowing you to keep a lid on your taxes. Don’t be so shortsighted. Anyone that owns a home benefits from Prop 13. I think renters do, too. If property taxes are high, certainly landlords will pass the bill to the renter in the form of higher rent. Nobody kid anyone here and don’t kid yourself. We are all lucky to have Prop 13.
