Repeal the death tax in the name of true equity in California

Equity, before it took on its current “woke” definition, meant value, as in the accumulated value of ownership in real estate. It still means that. After 30 years of payments for housing, a tenant who pays rent has nothing. An owner who pays off a mortgage loan has equity. The...

How California’s Inheritance Tax Hurts Affordable Housing

In February of 2021, Proposition 19 went into effect in California. Those who inherit property have one year to make it their permanent residence otherwise it will be reassessed at market value which leads to a significant tax increase. My guest today is Susan Shelley, Vice President of Communications for...

California’s new death tax is a year old

Anniversaries and birthdays are usually thought of as celebratory events, but on February 16th, California marked an unhappy milestone. It started in November 2020, when voters narrowly passed Proposition 19. While the initiative contained some positive elements, it also repealed an important taxpayer protection from the California Constitution that taxpayers...

Dealing with the aftermath of Proposition 19

Proposition 19 was approved by the voters in November 2020 by a narrow margin. It is a constitutional amendment to Proposition 13 that now allows seniors and the disabled to sell their home and buy a new one without, in many cases, experiencing an increase in property taxes. It also...