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i understand that both are ways that a state collects revenue. The fact that someone did pay payroll taxes (at a lower rate than the younger person) doesn’t justify offering that person a lower tax rate on the exact same piece of property. Older homeowners are being subsidized by younger for no logical reason at all. As I said before, it’s simply that California homeowners said “**** you, I got mine” to everyone unlucky enough to be born later than them.Originally Posted by fcoolaiddrinker
Both are a way for a state to collects revenue/tax from its citizens. We’re comparing Florida and California. In California the older person will be done with payroll tax when they retire at which point they can enjoy the low property tax they built over time as the value of thier property went up. It’s an advantage over Florida once retired thats paid for while your working. You don’t like it and I understand why. I do like it.