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In reply to the discussion: California housing crisis affecting middle class the most: It's 'a broken system' [View all]Cicada
(4,533 posts)The crazy low property tax paid by out of state corporations, in state corporations, rich landlords, rich home owners comprises the vast majority of the benefits of prop 13. This irrational tax break for them forces CA to impose a higher sales tax, a higher gas tax paid for by regular people.
Please explain why I should pay higher sales, gas, car taxes so the Sony Corporation can pay unrealistically low property tax. Apple Corp pays a federal income tax of one percent of their income. Again, please explain why I am forced to pay perhaps 4% of my income for sales and gas tax, rather than 2% of my income, so they can pay property tax at a rate about the lowest on planet Earth.
We can easily spare from higher property tax the humans who are not rich pay on their residences with exemptions, refundable renters credits so they pay nothing more from our making Donald Trump pay his fair property tax on property he owns in California.
If you dont agree with that, then feel free to forego exemptions, feel free to pay current high rates of sales tax. But please let the rest of us get a break.