Go Back  Airline Pilot Central Forums > Airline Pilot Forums > Major
California income taxes >

California income taxes

Search

Notices
Major Legacy, National, and LCC

California income taxes

Thread Tools
 
Search this Thread
 
Old 01-07-2020, 11:13 AM
  #401  
Prime Minister/Moderator
 
rickair7777's Avatar
 
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 40,127
Default

Originally Posted by symbian simian
And things like the prison guard union being a big lobbyist for "three strikes, you are out" laws have nothing to do with it?
I don't like the prison guards (or teachers) undue influence in CA politics.

I do happen to agree with three (adult) strikes. I'm willing to pay to warehouse them if they simply refuse to be law abiding. I grew up when you could do repeat armed robberies and repeatedly get out in 18-24 months to try again... everybody was scared. BTD, don't need to do it again.
rickair7777 is offline  
Old 01-07-2020, 11:47 AM
  #402  
Gets Weekends Off
 
GogglesPisano's Avatar
 
Joined APC: Sep 2013
Position: On the hotel shuttle
Posts: 5,910
Default

Originally Posted by rickair7777
I don't like the prison guards (or teachers) undue influence in CA politics.

I do happen to agree with three (adult) strikes. I'm willing to pay to warehouse them if they simply refuse to be law abiding. I grew up when you could do repeat armed robberies and repeatedly get out in 18-24 months to try again... everybody was scared. BTD, don't need to do it again.
It's not about "dangerous criminals" anymore, Rick. The fastest-growing inmate cohort is middle-aged white males. The "War on Drugs" from years past didn't help either.

Even the Federal Government doesn't know how many laws it has on the books.

Hell, even the Koch brothers are financing reform.

Suggested reading ...

https://www.amazon.com/Three-Felonie.../dp/1594035229
GogglesPisano is offline  
Old 01-07-2020, 11:16 PM
  #403  
Gets Weekends Off
 
Joined APC: Nov 2016
Posts: 2,490
Default

Originally Posted by full of luv
The only thing that makes sense is that the OP bought the house and did major renovations as well that used permits which triggered a reassessment after the remodel and hence an updated value that included a tax hike.
Originally Posted by Profane Kahuna
Yeah but he said it was the purchase which triggered the reassessment, which ended up being “way more” than he paid for the house.

So I still don’t understand the situation because you can protest the valuation using comps and purchase price. I know because I’ve done this myself.
Originally Posted by herewego
It happened to me when I built my house. Closed on the property on October and got the tax bill in November based on a county assessment that was more than I paid for the property. Tried appealing to the value I paid, but the appeal was denied because all appeals need to be to the county by September. The normal tax warning went to the seller in April, and he wanted the higher value since that meant more money for him, but I'd be the one to pay the higher taxes.
Fast forward a few years and I refinanced the house. Tax appraisal came in higher than the loan appraisal. Took the loan appraisal to the county and they lowered their value to mine. The county appraises every other year, usually by just adding 5% or so to the previous one. This one successful appeal will help me for a few more years.
Man, it's been forever since visiting this thread and I see all these replies so I'll add some details.

For one, this was YEARS ago. I don't remember all the details clearly. I did try to fight this but it was pre-internet so info was not readily available. If there was recourse beyond what I had tried, I didn't know it.

The modification that triggered the 'unrestricted' new valuation was a garage to bedroom modification. Supposedly making the house a four bedroom house instead of a three bedroom house. However, the conversion did not have any windows which meant it could not be a bedroom per local code. We negotiated for and paid for a three bedroom house. I budgeted our finances on this house's taxes being similar to what they had been under the previous owner. Normally, houses are limited in Texas to a certain percentage increase per year (something like 5%, don't quote me) but are unlimited when there is a change to the property effecting the value. Since the tax assessor learned of the conversion, via the sale, and considered the house to be a four bedroom house, we had a property tax increase on our house in the neighborhood of 45%.

When I tried to protest this, they did not care. It was all, "we can do this because...".

Whether I was railroaded or not, I think is irrelevant. Taxes should be based on prices paid. It's your only point of choice. You can tell me until your blue in the face about how good it is to have your property value go up. You'd be right, but it shouldn't have a damned thing to do with your taxes. You should never be presented with the question "Do I need to sell my home because the property taxes are now too high?" EVER

Dumb system.
highfarfast is offline  
Old 01-08-2020, 03:17 PM
  #404  
Gets Weekends Off
 
Joined APC: Sep 2010
Position: MD-11 F/O
Posts: 111
Default

Originally Posted by Heavyflyer
Considering getting a rental apartment and an airport car in LAX.

Can I keep my current car registration (TN), or will I get flagged for it?

What's the best way to keep off the taxman radar?
No, you cannot keep TN plates on your car in Ca. You have to register it within 30 days of entry.

You can gamble though. I drove for years with out of states plates and never got caught. Maybe helps if you have the old military gate sticker on front windshield or a hero medal on your TN license plate.

if you do register it, be prepared to be shocked...
decrabbitz is offline  
Old 01-08-2020, 04:21 PM
  #405  
Gets Weekends Off
 
Joined APC: Mar 2015
Posts: 1,175
Default

Originally Posted by highfarfast
Since the tax assessor learned of the conversion, via the sale, and considered the house to be a four bedroom house, we had a property tax increase on our house in the neighborhood of 45%.
I still don’t see how adding a fourth bedroom can result in a property valuation 45% higher than what you paid?
Profane Kahuna is offline  
Old 02-20-2020, 05:49 PM
  #406  
Gets Summer Off
 
Joined APC: May 2009
Position: AA
Posts: 667
Default

https://www.latimes.com/business/sto...cast?_amp=true
Surprise is offline  
Old 02-21-2020, 03:43 PM
  #407  
Gets Weekends Off
 
Joined APC: Dec 2005
Posts: 8,922
Default

In the city of Torrance (LA county) the sales tax all total is 9.5%. By state law it can be as high as 10.25%. Now they have proposed on the March 3 vote to add 3/4% to reach the max 10.25% which they say will raise 30 mil/year for "police and fire services" and "improved safety." Yet, there is NO proof it will do so and NO requirement that money go for improvements. Everyone (at least anyone smart) knows this is nothing more than to try to add towards the pension obligations. I'm tired of seeing my tax dollars go towards overly inflated and *unrealistic* pensions for public officials in California (over 100k in retirement/yr). If you were to price this retirement pension in terms of an annuity for the private sector, do you have any idea how much that would cost?!

The insanity needs to stop.
ShyGuy is offline  
Old 02-21-2020, 03:59 PM
  #408  
Gets Weekends Off
 
Joined APC: Jan 2006
Posts: 1,598
Default

Pension liabilities are perhaps the biggest challenge facing states and cities all over the country. Many cities are paying over 20% of their budget towards pension liabilities. The city of Detroit was able to scale back its pension obligations, but only after bankruptcy. I wonder how all these cities/states that have budget surpluses can figure out how to reduce pension liabilities (both cutting current benefits and reducing/eliminating for future employees)
iahflyr is offline  
Old 02-21-2020, 09:19 PM
  #409  
Gets Weekends Off
 
Joined APC: Sep 2010
Position: MD-11 F/O
Posts: 111
Default

Originally Posted by iahflyr
Pension liabilities are perhaps the biggest challenge facing states and cities all over the country. Many cities are paying over 20% of their budget towards pension liabilities. The city of Detroit was able to scale back its pension obligations, but only after bankruptcy. I wonder how all these cities/states that have budget surpluses can figure out how to reduce pension liabilities (both cutting current benefits and reducing/eliminating for future employees)
It’s going to come to a head one day (soon in Ca?). Either the taxpayers are going to be thrown in to revolt over the constant tax increases, or the pensions are going to be cut, throwing the public workers into revolt. To cut the pensions, the state Constitution will have to be amended and cities will probably have to declare bankruptcy. It’s going to get ugly either way....
decrabbitz is offline  
Old 02-21-2020, 10:19 PM
  #410  
Gets Weekends Off
 
Joined APC: Dec 2005
Posts: 8,922
Default

Originally Posted by decrabbitz
It’s going to come to a head one day (soon in Ca?). Either the taxpayers are going to be thrown in to revolt over the constant tax increases, or the pensions are going to be cut, throwing the public workers into revolt. To cut the pensions, the state Constitution will have to be amended and cities will probably have to declare bankruptcy. It’s going to get ugly either way....
No love loss. The rest of the ~95% population shouldn’t be punished for this benefit, which priced in an annuity for the private sector would cost in the millions per person. I respect policemen, firefighters, etc. but it is absolutely absurd to be getting $100,000+ per year in pension pay.
ShyGuy is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
MartinBishop
Money Talk
27
05-13-2016 07:27 AM
Sluggo_63
FedEx
27
02-03-2016 12:31 PM
BMEP100
United
7
09-06-2015 09:58 AM
MD11HOG
Cargo
2
04-13-2010 04:18 AM
wannabepilot
Hangar Talk
0
04-25-2008 09:19 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices