wilpharm Loc: Oklahoma

tell that bs to a farmer

jcboy3

The only farmers I know of that have land in another state are corporations.

But you missed the point; property tax is a form of wealth tax that is levied on non-residents of a state.

But why should you care?

Blurryeyed Loc: NC Mountains.

God forbid that they simply control their spending but we all know that fiscal responsibility does not buy v**es.

Blurryeyed Loc: NC Mountains.

Not so, it is levied on California residents and those who have left the state as well.

jcboy3

Wow. That's really missing the mark.

Blurryeyed Loc: NC Mountains.

Maybe you should read the article again.

jcboy3

Maybe you should pay attention. Of course property tax is levied on residents. The point is that it is also levied on non-residents. As would be the case for a wealth tax.

But, if you read the article, you might learn that the tax on non-residents is merely a collection of taxes owed while a resident that were postponed because of the difficulty in paying the taxes at the time (due to liquidity issues).

FOX scaremongering, of course. Under the proposal, you wouldn't owe additional taxes on wealth, but you would owe the taxes that were postponed due to liquidity issues.

wilpharm Loc: Oklahoma

then you know very little..and thats an understatement..I still own ourfamily farm and the rent barely pays the property taxes... but that fact is lost on low end renters like you

jcboy3

If the rent pays the property taxes, then what's your problem? Your wealth is preserved.

Again, you miss the point...which was about taxing non-residents.

And your assumption that I rent is pretty left field.

wilpharm Loc: Oklahoma

how do you figure that...do you think there are no expenses to owning property?? and why tf do you think farms stop at state lines>>> what a dense one that JerCof boy!!! no you probably dont rent..govt probably pays it for you

jcboy3

And where did you get the idea that I thought a farm ended at a state line?

But you should just stop your whining and sell the farm if you can't afford it.

And yes, the government pays me. About half of my current income. So what...I earned it.

wilpharm Loc: Oklahoma

yes I bet you earned it...who said I couldnte afford it..the fact is it has been in my family since 1889 but Im sure you dont understand something like roots...]
you earned it...LMAO!!!!!!

scooter1 Loc: Yacolt, Wa.

Can you imagine him at the helm?

jcboy3

If you can afford it, then what are you whining about?

pendennis

For giggles and grins, let us say that Newsom's i***tic "Wealth Tax" is enacted, and his equally i***tic legislature includes a provision to go after the wealth of those who've departed the Garden of California.

First, as I mentioned earlier, the state laws can only apply to those who live in California now. Once free of the Hotel California, before any wealth tax would be passed, those who reside in another state, have no liability when it comes to new California taxes, regardless the schema.

Now, for current residents, who is going to provide the assessment value for all those assets held? Just which Solomonic employee is going to provide a fair and equitable value of the same asset type held by different people? Assume that all 65 Vettes for example are valued at $75K. The guy in SF, who has a garage queen may have one which would bring $125K at auction, and some poor schmuck in LA has one that would only bring $35K on its best day. How do you split the baby?

And how do you know that the guy in SF may house his Vette in Reno? Who's going to lead the search party?

Inquiring minds want to know!!!