Estate Tax Myths and Facts

April 24, 2008

Here is a good link about estate tax myths and facts

The ‘Step-Up-at-First-Death’ is part of the Estate tax legislation, although it appears in the code separately.  The Bush administration came up with the label ‘Death Tax’.  A real distraction.

Blog posted on SJ Mercury News Prop 13 blog

April 7, 2008

Here are our comments to the Prop 13 blog on the SJ Mercury News .  We also sent a letter to Eric Hanushek, who is a fellow at the Hoover Institute Stanford University focusing on education and economics and was mentioned in the same blog.

Capital gains competing with Property tax revenue

According to USA Today, the state employees (Calpers and Calstrs) defined benefit plans are under funded by $49 Billion.  Schools are grossly under funded.  And now, the Sub-prime problem will lead to a disastrous structural revenue fall in the future.  Read the rest of this entry »

Global Pensions

April 6, 2008

Please see the following link for the Globalist quiz on the SJ Mercury News online newspaper in regards to Global Pensions:

Here is our response:

Dear Editor:
In response to your findings in the San Jose Mercury News, I think California Pensions would be of more interest than Worldwide.  California has a larger economy than three of the countries mentioned.  Please find the attachment that talks about pensions here and the problems with Prop 13 and solutions to help increase Real Estate sales and Property taxes.
Jim Hall

Obama’s Capital Loss

April 5, 2008

Wall Street Journal Editorial Board


In response to the editorial board article in today’s Wall Street Journal titled Obama’s Capital Loss, we are commenting that raising the Federal Capital Gains tax from 15% to 25% would have a negative affect and cause even more California property stagnation than is already occuring.  Take a look:


One has to go no further than California (9.3%) when combined with Federal (15%) to see the stagnation created by increased taxes.  In addition, we have Prop 13 to lock-in residence and Commercial property owners.  Increasing Capital Gains would totally lock-up Real Estate here in California.  Prop 13 is a political hot potato – So, local politicians won’t touch it.  And, they don’t understand the interactions of the tax code.  I don’t think Mr. Buffett is right on this one.