State tax deductibility of all Mello-Roos charges threatened beginning tax year 2012

[all]

I understand that the government needs to find ways to collect more money from the citizens and those people living in new developments are good candidates – I certainly don’t feel sorry for them. But as it is right now they could take HELOC or cash out and pay off the bond. If they cannot afford to do it then they probably are not the perfect candidate for extra taxes to begin with.

[briansd1]

[quote=flu][quote=briansd1]
Well, most folks are going to start to report their taxes correctly because the risk versus reward of not doing so is not there…
[/quote]
Well then what would be the point of the State building an expensive IT infrastructure for compliance?

[quote=flu]
So you gonna start paying your internet taxes now?[/quote]

As soon as you declare that Californians are no longer incorrectly deducting mello roos and that the new rules have been successfully implemented.

I will just have to make up for it by purchasing and consuming less in California.

Btw flu, nobody I know adds up purchases made out of state and online and remits use taxes at the end of thet year. Too much responsibility placed on the taxpayer.

Businesses that have accountants do that but not average joes. That’s why the state is going after big retailers like Amazon. There are billions at stake

[bearishgurl]

[quote=briansd1]…Btw flu, nobody I know adds up purchases made out of state and online and remits use taxes at the end of thet year. Too much responsibility placed on the taxpayer.

Businesses that have accountants do that but not average joes. That’s why the state is going after big retailers like Amazon. There are billions at stake[/quote]

Agreed, brian. I am not a big “shopper” per se, but often order (out-of-state) online (Amazon – YES) for the “esoteric” (often-hard-to-locally-find) things I need. ebay is my friend, lol. I’m an authorized reseller who realizes the value of the price of gas and that you can’t often find exactly what you need locally.

I will, of course, pay my relevant “sales tax” at such time it is charged to me in an online transaction and not before. There is no compelling reason to do so for out-of-state transactions at this time.

[LAAFTERHOURS]

“The tax board had planned to enforce compliance by adding three lines to 2011 state-tax returns that would require property owners to show their parcel number, total property tax bill and the deductible amount. But it postponed those changes until 2012 returns. This year, it is hoping to educate the public and tax preparers. It estimates that voluntary compliance could generate about $20 million in additional tax revenue this year.”

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/02/04/BUG61N2O5K.DTL&ao=all

Nothing like announcing this a week into filings. It was awful nice of them to back down on enforcement for this year for people that had already filed.

[no_such_reality]

The State should be evil. Privatize audit, bid it out and start the bidding at the company keeping 5% of the additional revenues they bring in from errors and violations.

Cause frankly, I can train a temp to do 20 property tax comparisons an hour and what will the violation rate be?

Just as easy on the vehicle fees on which probably everybody filing a tax return is incorrectly claiming too much deduction.

Make it really easy and profitable, add a $50 processing penalty for each violation.

People will figure out to quit fudging on their taxes really quickly.

I’m evil this way because I’m tired of the chronic screaming for more taxes in the State and the tacit wink and nod to everybody cheating or blithely ignorant to the real deduction. Cash for the nanny, cash for gardener. Deduct the mello-roos. Charitible donations of clothes that aren’t fit to be rags. When you really pay what you owe, you find out you are really taxed.

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