[quote=jpinpb]
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.
[/quote]
I don’t really care whether the state reduces the income-tax rate. I just don’t want to pay a 10% income-tax rate while some retired person in La Jolla is paying virtually nothing in taxes. Further, if I go buy that exact same property, then I would have to pay a sky-high tax rate. That is an inherently unfair tax policy.
[quote=jpinpb]
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.
[/quote]
Nope. I don’t want to benefit from an unfair tax policy. There are some people who want all the tax breaks they can get. I’m not one of those people. I wouldn’t want someone to subsidize my ownership of a property. How is that fair to the person doing the subsidizing? How are they benefiting?
[quote=jpinpb]
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.
[/quote]
Landlords can’t just pass all their costs on to renters. I addressed this in a previous post. There are several landlords in San Diego who have no hope of ever recouping their costs because the rental market won’t support the rents they need to just break even.
[quote=jpinpb]
Nobody kid anyone here and don’t kid yourself. We are all lucky to have Prop 13.[/quote]
I disagree. Long-time homeowners are lucky to have proposition 13, but no one else benefits from it.
