Tax inequities amongst Seniors

June 14, 2008

Selling Your Home (Click on the link to see a comparison of two couples selling their home, one paying no Capital Gains tax and the other paying several hundred thousand dollars.)


Prop 13 is still Popular, 30 Years Later

June 13, 2008

Field Poll 30 Years Later, Prop 13 Still Popular

Note: Image posted in Sacramento Bee on June 6th, 2008 in the article Prop. 13 still liked, California Poll finds by Andy Furillo.


Neighborhoods dealing with Prop 13 and Capital Gains

June 12, 2008

Neighborhoods

We’ve lived in a middle upper class Southbay neighborhood for 43 years.  The street has 10 homes which ends in a cul-de-sac.  Five are original Prop 13 beneficiaries.  A neighbor passed away several years ago and his wife sold their home one year later.  Two of the remaining Prop 13 beneficiaries are long-term widows.  The other three are surviving couples all in their late 70’s and early 80’s.  The other five homes have turned ownership several times, but have stayed steady for the last 5 to 10 years.  Read the rest of this entry »