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Category Archives: Tax
Yisroel Pensack: Proposition 13’s Devastating Impact on Housing Affordability in California
A 21st-century follower of 19th-century political economist Henry George, whose classic “Progress and Poverty” was written in San Francisco and published there in 1879, has analyzed the effect of California’s property-tax-cutting Proposition 13 and found that that 1978 measure has … Continue reading
Posted in California, Foreclosure, Tax
Tagged Dan Sullivan, economic suicide, Elizabeth Lesly stevens, Henry George, housing affordability, land value tax, new york times, Pittsburgh, Progress and Poverty, property tax, Proposition 13, Saving Communities, speculators, The Bay Citizen, Yisroel Pensack
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Yisroel Pensack: Would-Be Tax Reform Attorney Frank D. Walker’s Reality Check
From: Frank Walker Date: April 14, 2010 …Prosper California is the tax-exempt political organization I founded to advance the LVT [land value tax] initiative I drafted. Although one person can draft an initiative to revamp California’s system of raising public … Continue reading
Posted in California, Tax
Tagged California constitution, correct thought, Frank D. Walker, initiative, land value tax, LVT, Prosper California, public revenue, signature gathering, suspended efforts, tax reform attorney, Yisroel Pensack
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Yisroel Pensack: Is Sarah Palin a Follower of American Economist Henry George?
According to an AP report in The New York Times: ANCHORAGE, Alaska (AP) — Records show that Sarah Palin has not paid any property taxes on cabins that have been built on two backcountry plots partially owned by the former … Continue reading
Posted in economics, Economy, Real Estate, Tax
Tagged Alaska, backcountry plots, cabins, Henry George, not on the structures, Progress and Poverty, property taxes, Sarah Palin, single tax on land values, tax assessments, taxes only paid on the land, Yisroel Pensack
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Yisroel Pensack: Ballot Measure to Overhaul California’s Tax System Receives Clearance to Collect Voter Petition Signatures
The proponent of a constitutional amendment that would overhaul California’s tax system by abolishing or reducing taxes on earned incomes, commerce and industry has received authorization from state officials to solicit signatures needed to place the measure on next November’s … Continue reading
Posted in California, economics, Economy, Politics, Real Estate, Tax
Tagged apartment owners lobbyist Howard Jarvis, ballot measure, california attorney general, California secretary of state, constitutional amendment, Edmund G. ("Jerry") Brown, Frank D. Walker, George Skelton, governor of California, income tax rate, initiative, Jr., land rent tax, los angeles times, official title and summary, overhaul California's tax system, personal income taxes, petition signatures, Proposition 13, Prosper California, referendum, severance tax, southern california attorney, tax on market rental value of land, voter petition signatures, Yisroel Pensack
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All Income Should Be Equally Taxed
From the WSJ: W. Reynolds (Letters, Oct. 10) describes several government policies that led to the current crisis in mortgage financing, including excess risk-taking encouraged by Freddie Mac and Fannie Mae as well as the mortgage interest deduction. He forgets … Continue reading
Posted in Tax
Tagged excess risk, fannie mae, milton friedman, mortgage interest deduction, natural flow, sole proprietorship
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Homeowners with forgiven loan debt get timely tax break
Sandra Block reports: Families who lost their homes to the foreclosure crisis this year will have at least one reason for cheer this holiday season: They won’t have to worry about a big tax bill. Shortly before adjourning last week … Continue reading
Posted in Tax
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