this post was submitted on 02 Aug 2023
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City Life
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Until you realize overwhelming majority, (70+percent) of the tax deduction is on commercial property (hence California strip malls because you’ll never get updated tax when you never upgrade your commercial facility) and luxury residential property over 2mm and that’s why we have to have income tax in California.
Has anyone proposed not having tax increases on primary residences, but freely increasing taxes on all other real estate?
Yup! But it gets shot down pretty fast anytime people bring it up.