Re: Tariffs and bikes

On Sun, 6 Apr 2025 18:44:20 -0500, AMuzi <am@yellowjersey.org> wrote:

On 4/6/2025 11:27 AM, cyclintom wrote:

On Sat Apr 5 10:11:43 2025 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.

 
 
 
 
I would say that the voter do not prefer it that way. We get ZERO services for out taxes and feel powerless to change that because the Democrats though election fraud control everything.PG&E has the highewst energy rates in the nation and yet makes only about half of the stock profits as other states. This is because the company is taxed almost to bankruptsy by an unelected PPublic Utilities Commision which is nothing more than another source of corrupt taxation.
 
I'm sure that Liebermann can tell us that they are absolutely wonderful. As he chops wood to try and remain warm in the winter because he cannot afford heating.

>
>
>
" I would say that the voter do not prefer it that way."
>
In your opinion.
>
Meanwhile, Mr Newsom handily defeated the recall effort.
Under California statute, the recall vote is separate from
candidate selection It's a simple up-or-down plebiscite on
the Governor's performance in office up to here.
>
Which is nothing new. In Mencken's words:
>
https://www.brainyquote.com/quotes/h_l_mencken_163179

+1

Also:

Men get into trouble by taking their visions and hallucinations too
seriously.
-- H. L. Mencken

--
C'est bon
Soloman