Colman: END THE PROPERTY TAX

T.E.A.—That means Taxed Enough already.  Earn money and you pay income tax.  Die with money and the Democrats want you to pay a Death Tax, an Estate Tax, on the money you SAVED.  Buy a loaf of bread and there are more than a dozen taxes added to the cost of production of the bread until it gets to the grocery store—and then you pay a TAX ON THE TAX.  If you own a motel or hotel in San Diego, the Socialist Mayor Kevin Faulconer wants to buy your facility, whether you like it or not—yet you pay property taxes so Faulconer can steal your property.

 Normally, a tax on an asset (like a home, a business, or a stock) is assessed at the time of sale.  If the asset has appreciated in value, there is what is called a “capital gains” tax.

 Traditionally, the property tax has been used to fund such local services as schools and police services, and fire services.  If one looks at his property tax bill, there might also be charges mosquito control programs, sewer maintenance, and transportation services.

 The property tax should be eliminated.”

The property tax is really a tax on being successful.  Instead, as Dr. Colman suggests, we need to have everyone pay for the government services via sales or other taxes.  The fairest tax is sales—it is a voluntary tax in a way.  You choose to buy a KIA, or a Rolls Royce—the sales tax you pay is based on how much you spend.  An even better way is to return government to its basic services—why do we pay for NPR or abortions (as we do in California).  Government education is almost a total failure, as parents are finding out while the kids are no longer in school.  Cut taxes, narrow the source of taxes and cut government spending—a train to nowhere is a boondoggle for the corrupt.

END THE PROPERTY TAX

By Richard Colman, Exclusive to the California Political News and Views,  5/7/20

 When running for the Democratic presidential nomination, Sen. Elizabeth Warren (D-Massachusetts) called for a wealth tax.

 Perhaps she forgot that Americans already have a wealth tax.  It’s called the property tax.

 When one buys furniture, appliances, or clothing, there is no property tax.  (There may be a sales tax at the time of purchase.)

 But when one buys real estate, the owner pays a property tax while the real estate is still in the owner’s possession.

 Normally, a tax on an asset (like a home, a business, or a stock) is assessed at the time of sale.  If the asset has appreciated in value, there is what is called a “capital gains” tax.

 Traditionally, the property tax has been used to fund such local services as schools and police services, and fire services.  If one looks at his property tax bill, there might also be charges mosquito control programs, sewer maintenance, and transportation services.

 The property tax should be eliminated.

 The property tax can be replaced by other forms of taxation (like an income tax or a sales tax).

 Until the 2017 federal tax bill became law, an individual could deduct from his federal income tax a certain amount of state and local taxes.  The 2017 law put a $10,000 cap on the deduction for state and local taxes.

 For many Californians, the $10,000 cap increased the dollar amount that they had to pay in federal income taxes.

 In California, a 1978 tax revolt made significant changes in property-tax collection.  On June 6, 1978, the state’s voters approved Proposition 13, which required a public vote on property-tax increases.  The proposition passed by a vote of 65 percent to 35 percent.

 At the time Proposition 13 passed, the State of California was running a budget surplus of about $6 billion, raising the question:  Is California running a for-profit business? 

 Proposition 13 put a one percent tax limit on the value of a property.

 The proposition rolled back property taxes to 1976 levels.  It also limited property-tax increases to two percent per year. 

 The proposition required a two-thirds vote in both houses of the state legislature to increase the state income tax. 

 In local elections, a two-thirds vote became required for “special” taxes.  A special tax is a tax that goes for a single purpose like road repair.

 On April 30, 2020, the federal government reported that 30 million Americans — between mid-March 2020 and April 25, 2020 — filed claims for jobless benefits.

 California, like the rest of the United States, is now mired in a deep recession.  Beginning in March 2020, stocks tumbled drastically, reducing the amount of money stockholders have in their portfolios.

 The current time is not propitious for raising taxes.  Moreover, the time has come to eliminate property taxes on an asset that is still in an owner’s possession.

About Stephen Frank

Stephen Frank is the publisher and editor of California Political News and Views. He speaks all over California and appears as a guest on several radio shows each week. He has also served as a guest host on radio talk shows. He is a fulltime political consultant.

Comments

  1. Concerned says

    Great idea!! How do we get it accomplished

  2. Really??? says

    Want to bet that there will be a massive revolt from the Citizens of the Nation and State of Kalif. if this were to happen?

    Think about it. Right now the big spenders have hidden taxes the average person does not appreciate. A sales tax most likely would be well over 20% on every purchase. The taxpayers would take on look at that and start asking how to reduce the costs of government.

    The pitcher winds up, the ball is right over the plate and the batter (Colman) nails a home run over the center field fence.

    • Take a look at any utility bill and see the amount of taxes imposed along with Real Estate Tax the tax imposed by cities is unreal. I am thinking Newsom will try to raise every tax known due to the deficit. We must stop all this public retirement funds which we will eventually pay.

  3. Joseph Michael Harrison says

    I don’t live in California. I live in Nevada, but they are trying to increase property tax here. For a long time now I’ve thought property tax should be ended. The reason is simple. If there is a tax on property you the property owner never really own the property. You are just renting it from the state. If you don’t believe me try not paying your property taxes. The state eventually will take the home or business away from you. So, in essence, you never really own the property.

Speak Your Mind

*