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

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

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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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