OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

ipso facto @ 12:51 re Ca Taxes

Posted by Mr.Copper @ 13:13 on October 4, 2022  

My brother had a place he developed on a 10 acre vacant lot about $50k plus house and barn another maybe $100k more made a little ranch horse property. Old dollars of course. Sold it for $1.3 million new dollars and bought an $800k place, and they let him take his old small tax bill with him about $2,000.

Sure if you buy in late and high they think you are wealthy enough to pay high taxes. Like a landlord and a long term tenant, the rent stays low but the next new tenant pays rent a lot higher. When I was a kid in a machine shop, a philosophy student working there, said “Nothing is too high or too low, or too big or too small, unless its compared to something else.

I think there was a time around 1968 when minimum wage was 9 loaves of bread per hour. Nobody should be using US dollars for accounting or estimating values. The average low wage $5,000/yr was equal to two new $2500 cars per year. Cars today are $50,000 so $100,000 tiny dollars should be the minimum wage.

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Go to Top

Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.