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re: Daughter's So Cali mortgage went up about $500. mo due to tax increases. Crazy.

Posted on 7/6/19 at 6:13 am to
Posted by Boatshoes
Member since Dec 2017
6775 posts
Posted on 7/6/19 at 6:13 am to
Within ten years, blue states are going to be agitating for "transfer payments" from successful ones to balance their budgets.
Posted by SlapahoeTribe
Tiger Nation
Member since Jul 2012
12120 posts
Posted on 7/6/19 at 6:19 am to
quote:

Within ten years, blue states are going to be agitating for "transfer payments" from successful ones to balance their budgets.

Didn’t New Hampshire or Vermont just pass such a law?
Posted by lsufan1971
Zachary
Member since Nov 2003
18365 posts
Posted on 7/6/19 at 11:23 am to
quote:

Within ten years, blue states are going to be agitating for "transfer payments" from successful ones to balance their budgets.


That day is here.

quote:

The mansion tax is a 2.25 percent conveyance fee on homes sales above $2.5 million. The tax, however, only applies if the seller is moving out of state. Those who move to another residence within the state would get the money back a few years after the sale, in the form of an income tax credit.


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