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All is Vanity
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Title: Everyone who believes that those who trust the government and believe it's wacky conspiracy theories are the biggest KOOKS of all, here's your thread
Source: me
URL Source: [None]
Published: Jul 11, 2010
Author: me
Post Date: 2010-07-11 17:14:00 by James Deffenbach
Keywords: None
Views: 939
Comments: 52

Poster Comment:

Just something I have been noticing lately. Seems to be more talk from a certain quarter about how the government's official conspiracy theory™ in regards to the events of 9/11 are not only true but that anyone who doesn't toe the government line is a KOOK. And a lot of gibberish about Peak Oil and Global Warming. Anyone else notice there is a bit more of that than usual?

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#1. To: James Deffenbach (#0)

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Eric Stratton  posted on  2010-07-11   17:16:00 ET  Reply   Untrace   Trace   Private Reply  

I'll add too that we should all pay more taxes since the FedGov is doing all that it can to truly help things towards the positive, and that everyone that owns or works for the Fed is 100% honest.

================================================

I just got a notice my property taxes went up 7%, yet the actual value of my property DEVALUED 20%.

Is THIS happening all across the country?

WHAT'S WRONG WITH THIS PICTURE?

U.S. NATIONAL DEBT CLOCK - MIND BOGGLING - SEE THE NATIONAL DEBT CLOCK IN ACTION

HAPPY2BME-4UM  posted on  2010-07-12   22:55:16 ET  Reply   Untrace   Trace   Private Reply  

Is THIS happening all across the country?

Not in California. We have this thing they keep trying to get rid of called Prop 13.

Proposition 13 (officially titled the People's Initiative to Limit Property Taxation) was an amendment of the Constitution of California enacted in 1978, by means of the initiative process. It was approved by California voters on June 6, 1978. It was upheld as constitutional by the United States Supreme Court in the case of Nordlinger v. Hahn, 505 U.S. 1 (1992). Proposition 13 is embodied in Article 13A of the Constitution of the State of California[1].

The most significant portion of the act is the first paragraph, which capped the tax rate for real estate:

Section 1. (a) The maximum amount of any ad valorem tax on real property shall not exceed one percent (1%) of the full cash value of such property. The one percent (1%) tax to be collected by the counties and apportioned according to law to the districts within the counties.

The proposition lowered property taxes by rolling back property values to their 1975 value and restricted annual increases in assessed value of real property to an inflation factor, not to exceed 2% per year. It also prohibited reassessment of a new base year value except upon (a) change in ownership or (b) completion of new construction.

In addition to lowering property taxes, the initiative also contained language requiring a two-thirds majority in both legislative houses for future increases in all state tax rates or amounts of revenue collected, including income tax rates. It also requires a two-thirds vote majority in local elections for local governments wishing to raise special taxes. Proposition 13 received an enormous amount of publicity, not only in California, but throughout the United States.[2]

Passage of the initiative presaged a "taxpayer revolt" throughout the country that is sometimes thought to have contributed to the election of Ronald Reagan to the presidency in 1980. However, of 30 anti-tax ballot measures that year, only 13 passed.[3]

A large contributor to Proposition 13 was the sentiment that older Californians should not be priced out of their homes through high taxes.[4] The proposition has been called the "third rail" (meaning "untouchable subject") of California politics and it is not politically popular for Sacramento lawmakers to attempt to change it.[4]

Howard Jarvis and Paul Gann were the most vocal and visible backers of Proposition 13. Officially titled the "People's Initiative to Limit Property Taxation," and popularly known as the "Jarvis-Gann Amendment," Proposition 13 was placed on the ballot through the California ballot initiative process, a provision of the California constitution which allows a proposed law or constitutional amendment to be placed before the voters if backers collect a sufficient number of signatures on a petition. Proposition 13 passed with almost 65% of those who voted in favor and with the participation of nearly 70% of registered voters. After passage, it became article 13A of the California state constitution.

Under Proposition 13, the annual real estate tax on a parcel of property is limited to 1% of its assessed value. This "assessed value," may be increased only by a maximum of 2% per year, until and unless the property undergoes a change in ownership. At the time of the change in ownership the low assessed value may be reassessed to full current market value which will produce a new base year value for the property, but future assessments are likewise restricted to the 2% annual maximum increase of the new base year value.

If the property's market value increases rapidly (values of many detached dwellings in California appreciated at annual rates averaging more than 10% in the decade ending in 2005) [6] or if inflation exceeds 2%, [7][8] the differential between the owner's taxes and the taxes a new owner would have to pay can become quite large.

The property may be reassessed under certain conditions other than a change in ownership, such as when additions or new construction occur. The assessed value is also subject to reduction if the market value of the property declines below its assessed value, for example, during a real estate slump. Reductions in property valuation were not provided for in Proposition 13 itself, but were made possible by the passage of Proposition 8 (SCA No. 67) in 1978 which amended Proposition 13. Such a real estate slump and downward reassessments occurred in 2009 when the State Board of Equalization announced an estimated broad scale reduction in property tax base year values due to negative inflation. [9] [10] Property tax in California is an Ad valorem tax meaning that the tax assessed (generally) rises and falls with the value of the property.

farmfriend  posted on  2010-07-12   23:16:49 ET  Reply   Untrace   Trace   Private Reply  

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