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View Diary: California's Succeeding Despite Antitax Hurdles (105 comments)

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  •  If taxes go up on apartment buildings, (7+ / 0-)

    the costs will only be passed on to tenants if the market can support it, i.e. if demand is high enough.  

    We used to have a modest "renter's credit" available on California tax forms.  It's long gone, but perhaps it could be revived.  Of course, we'd have to kill enough of Prop 13 so that justifiable tax increases would overwhelm the revenues lost through reinstating a renter's credit.

    Prop 13 created a huge scam in that it almost froze businesses' property taxes, giving them an unfair advantage over newer businesses buying properties.  That needs to be fixed -- businesses should have a level playing field, and California needs to collect fair taxes from all of them.

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