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Author: fleg9bo Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 774539  
Subject: Let the attacks begin Date: 11/18/2012 2:21 PM
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I just posted this on the Folly in California board, which is frequented by the usual TMF mix of 90% libs and 10% other. I'm looking forward to the responses:

Now that the Dems have a supermajority in CA, you can count on a tax-hiking spree. One thing they are talking about, from what I read, is repealing the Prop 13 provisions that apply to commercial real estate.

So my question is, is rental property considered to be commercial real estate? My sister is an MSNBC type who lives in CA. She doesn't have enough income to pay any income tax but I would find it rather amusing if the owner of the condo she rents is hit with higher property taxes and has to raise her rent. After voting all her life for candidates who take stuff away from other people, it's only fair that they finally take something away from her, too. Don't you agree?

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