Sujet : Re: Tariffs and bikes
De : am (at) *nospam* yellowjersey.org (AMuzi)
Groupes : rec.bicycles.techDate : 07. Apr 2025, 01:18:06
Autres entêtes
Organisation : Yellow Jersey, Ltd.
Message-ID : <vsv5ju$27j0o$10@dont-email.me>
References : 1 2 3 4 5 6 7 8 9 10 11 12 13 14
User-Agent : Mozilla Thunderbird
On 4/6/2025 1:45 PM, zen cycle wrote:
On 4/6/2025 1:28 PM, cyclintom wrote:
On Sun Apr 6 07:29:37 2025 zen cycle wrote:
On 4/5/2025 11:38 AM, Mark J cleary wrote:
On 4/5/2025 10:11 AM, AMuzi wrote:
On 4/5/2025 9:36 AM, sms wrote:
On 4/4/2025 5:59 PM, Jeff Liebermann wrote:
On Fri, 04 Apr 2025 23:36:14 GMT, cyclintom <cyclintom@yahoo.com>
wrote:
>
In California add to the top rate another 12%. plus gas tax, plus
salews tax,plus 50% inheretance tax, property taxes.
>
The California estate tax was reduced starting in 2001 and ended in
2005:
<https://www.sco.ca.gov/ardtax_estate_tax.html>
Since your mother died in 2019, you should have noticed that there was
no estate tax.
>
<snip>
>
Besides there being no inheritance tax or estate tax, the first
$13.61 million in value of an inheritance is exempt from Capital
Gains taxes, thanks to the Step-Up in Basis rule.
>
California ranks 35th in the country for property tax percentage, and
thanks to Prop 13, long time homeowners pay a pittance in property
tax, including on inherited property prior to December 16, 2020 (when
Prop 19 took effect).
>
With Prop 19, heirs get $1 million off the assessed value of property
they inherit (or they pay the current assessed value, whichever is
greater). Since Tom's property is worth less than $1 million, the
property tax rate of any heirs would not go up at all.
>
However California has the highest income tax rate in the country,
which is why so many wealthy people establish residency in Nevada.
>
Where Tom lives, the sales tax is a whopping 10.75%, but in nearby
San Francisco it's 8.625%, more than 2% lower. For any large
purchases he should go to San Francisco. In my city it's 9.13%.
>
If Tom paid anything in inheritance taxes then his accountant was
either incompetent or was stealing from him.
>
>
Many ways to view that or parse it.
>
For 2023, selected states by population, annual budget and simple ratio:
>
Florida 24 million people, $116 billion budget = 4.8
New York 20 million people, $122 billion budget = 6.1
California 40 million people, $308 billion budget = 7.7
>
I don't doubt you that there are local differences of sales tax and
property tax within California.
>
>
California is however a high-tax State and the voters seem to prefer
it that way.
>
>
Illinois is a high tax state and everyone is trying to get out who
happen to be conservatives. The nuts running this state all are against
anything that might be helpful that Trump is doing. Out property taxes
are the 2nd highest in the nation.
>
>
<trying to think of anything helpful trump is doing........>
https://www.youtube.com/watch?v=0Wi8Fv0AJA4
>
>
>
>
Only you could think that at least three trillion dollars in savings per year isn't helpful in a time when we couldn't even pay the interest of the Biden national debt.
Trying to thing of anything trump is doing that will result in even the tiniest fraction of $3T........
+1
Once Congressmen start carping about ANY cuts in their district, its over. I've seen this movie before. Many times.
-- Andrew Muziam@yellowjersey.orgOpen every day since 1 April, 1971
Tariffs and bikes
Re: Tariffs and bikes