ST Alpha - "Small problem in comparison to the massive budget issues that arisse from the legal-defined limitations." (Reading a Post)

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In response to "I like these laws though. Retirees get creamed and lose houses because they get taxed out of them while on fixed incomes. -- nm" by Redmond has a particular set of skills

Small problem in comparison to the massive budget issues that arisse from the legal-defined limitations.

Posted by Will Hunting (aka JoeMetz) Jan 29 '09, 18:38

attack the limited problem; not hamstring your state with these limits.

Responses:

The only thing keeping me in my house is the fact the government has limits to the amount my taxes can increase. - Redmond has a particular set of skills Jan 29, 18:40 5
- And right now, the state has very little ability to raise funds necessary to provide for the common good at large - Will Hunting Jan 29, 18:43 4
  - Jacking up taxes on people already struggling to pay their mortgage doesn't sound smart in these "times of true need". - Dr.Vermin Jan 29, 18:55 1
    - If the value of the home is jumping 15% a year (not uncommon the last 5), but you have a cap of 2%....you've just destroyed your IM of taxing value. -- nm - Will Hunting Jan 29, 18:57
  - I used to live in California. They have ever possible tax you can imagine. They can raise sales tax rates, Income tax rates, only property is capped -- nm - Redmond has a particular set of skills Jan 29, 18:45 1
    - Usually if the tax is capped in one area, it gets raised in another. -- nm - the liioulu with tiny planes Jan 29, 18:47

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