Path: news.eternal-september.org!eternal-september.org!.POSTED!not-for-mail
From: AMuzi <am@yellowjersey.org>
Newsgroups: rec.bicycles.tech
Subject: Re: RE: Re: Tariffs and bikes
Date: Sun, 6 Apr 2025 18:44:20 -0500
Organization: Yellow Jersey, Ltd.
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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


-- 
Andrew Muzi
am@yellowjersey.org
Open every day since 1 April, 1971