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October 4, 2020 at 8:57 AM #819850
phaster
Participant

passage of prop 15 will do nothing to lessen income tax

http://www.TinyURL.com/SplitRoll

I know the whole PDF I’ve posted on GoogleDocs is lots of material to read but one of the key small details mentioned (by an elected bay area democratic) is,…

[quote]
But Wiener added that it could be difficult to fix Prop 13 for another reason: if commercial real estate is taxed at higher rates than residential properties, it might exacerbate the fiscalization of land use that has disincentivized cities from building new housing. This could worsen the state’s housing crisis, said Wiener.

http://www.eastbayexpress.com/SevenDays/archives/2017/09/10/bay-area-legislators-call-for-prop-13-tax-reform-to-address-commercial-property-loophole
[/quote]

there is the expression the devil in in the details, and the reason I highlighted the PDF is because odds are if this passes more jobs will be lost than gained AND small businesses will be the ones to suffer the most (and truth be told the big underlying unaddressed problem is off balance sheet pension costs)