California income taxes
03-13-2021, 07:34 PM
#581
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I lived in Florida for nearly six years. Less than 1/2 mile from the top of Tampa bay. Two hurricanes went through the area along with a number of tropical storms. Our yard got wet. California has fires every year. Every year.
03-13-2021, 07:46 PM
#582
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I guess I am in the minority here. I love Florida and hate California. San Diego is probably my favorite part but even the fish tacos at Miguel's Cocina can't make up for the yearly fires, constant threat of earthquakes, and impossible traffic. In Florida the RE taxes are reasonable and you take 25% right off the top once you homestead. No state income tax. Same warmth, albeit with a bit more humidity. Clearly better beaches (particularly on the gulf side). And warmer water. In Pasadena, for example you can get a fifty year old house with about 3,000 sq. ft. for 1.8 million in a good area. In Tampa for 1.8 million you can buy dockable waterfront and have enough left over for the boat at the dock.
03-13-2021, 08:30 PM
#583
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florida gets hit by hurricanes every year. Every year.
03-13-2021, 08:36 PM
#584
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Man I don’t know where you live, but it must not be in the Central Valley. Been here 6 years now and still blown away every august or so when the smoke settles in and we have to breathe it for a month or two. Maybe you’re up the north coast?
03-13-2021, 08:46 PM
#585
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weird, though, how similar that is to the hurricanes in one part of florida and not in another. It’s almost as if you can’t define a state (especially one of 160k sq miles and the better part of a dozen climate types) by one natural disaster risk profile.
03-13-2021, 08:50 PM
#586
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I've done FL several times. Had some fun, I could live there but home and family is where I'm at.
03-14-2021, 04:42 AM
#587
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So the misunderstood part of Oregon's system was that when you went to a fixed income in retirement, you can freeze your property taxes at that amount so that if/when they raise due to valuation and/or rate increase the extra amount is converted into a lien due upon your exit from the house. It's to prevent seniors from being blindsided by skyhigh property taxes forcing them out of their homes. Oregon doesn't have a sales tax so all revenue comes from income and property taxes. Income taxes are negligible for retirees in Oregon, but property taxes can severly rise due to the spending habits of govt and/or valuation increases of property.
The thought of a government taxing it’s elderly so high that it “gives” them a reverse mortgage and confiscates their home upon their death is insane.
03-14-2021, 07:46 AM
#588
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You know what else protects seniors from skyhigh property taxes forcing them out of their homes...... not having crazy high taxes.
The thought of a government taxing it’s elderly so high that it “gives” them a reverse mortgage and confiscates their home upon their death is insane.
The thought of a government taxing it’s elderly so high that it “gives” them a reverse mortgage and confiscates their home upon their death is insane.
03-14-2021, 08:07 AM
#589
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Just going to point out that the vast majority of hurricanes involve a day of rain and some wind. Fires burn things up. And while they may not happen in YOUR part of California yearly (mudslide lately?) they happen in that state every year.
03-14-2021, 08:16 AM
#590
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How do I know Florida has more natural disasters than California? Just look at the price of homeowners insurance in Florida (high) versus California (lower). Very few people have flood insurance in California where as almost all of them have to have it in Florida.
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