What is Wealthy?
Here we go, those dum dems are at it again.
This time they are blaming the CA state deficit on the lack of death tax revenues from the Federal government. Since the minimum amount of assets you needed to be under so you didn't have to pay the death tax was raised to $1.5 million back in 2002, CA liberals are whining that they have lost $1 billion of their money because of the "rich" and their "special tax cut."
If you're a senior citizen now and just happened to purchase your home in the Marina waaaaay back in the day when they first built them and you held on to the house, you're a double target.
The liberals want to take down Prop 13 so your property taxes will be inflated so you'll be out on the street and when you pass, your heirs will have to pay hundreds of thousands of dollars' worth of death tax because you had the foresight to purchase your home and hold on to it. You may be on Social Security and/or a pension (not living large) but according to the liberals, you're a money grubbing greed meister.
But you're the "rich" so your family, in addition to the pain and grief your family will suffer because of your death, they will have the additional joy of paying an additional death tax that's due 6 months after you've dropped dead.
And somehow raising the plateau for the death tax to take effect was a bad thing...
And Ass. person Chan (d-Oakland) is proposing a tax increase on the "wealthy". If you make over $130k a year, you will be paying at least 10% more tax each year.
I see a lot of people changing their permanent residences to Nevada...
- True San Franciscian,
16:23
