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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
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@kimmaicutler

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Kim-Mai CutlerVerified account

@kimmaicutler

Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.

San Francisco
medium.com/initialized-ca…
Joined April 2008

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    1. Kim-Mai Cutler‏Verified account @kimmaicutler 1 Aug 2016
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      Kim-Mai Cutler Retweeted Aaron Peskin

      1) Land tax. Low property taxes that Californians voters passed in 1978 got capitalized into higher housing values.https://twitter.com/AaronPeskin/status/760238274384236544 …

      Kim-Mai Cutler added,

      Aaron PeskinVerified account @AaronPeskin
      So, what IS the right tax to ensure that every1 pays fair share 2 support our City's public services? Definitely not a regressive sales tax.
      10 replies 38 retweets 78 likes
    2. Henry Fung‏ @calwatch 1 Aug 2016
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      in non-13 states, gentrification means that existing homeowners get pushed out.pic.twitter.com/dPYCT6Fza6

      2 replies 0 retweets 1 like
    3. Kim-Mai Cutler‏Verified account @kimmaicutler 1 Aug 2016
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      Replying to @calwatch @twliterary

      so defer it until sale.

      1 reply 0 retweets 0 likes
    4. Henry Fung‏ @calwatch 1 Aug 2016
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      Replying to @kimmaicutler @twliterary

      Then there are reassessment issues. Also what happens when prices go up and then come down? Tax phantom gains?

      2 replies 0 retweets 0 likes
    5. Kim-Mai Cutler‏Verified account @kimmaicutler 1 Aug 2016
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      Replying to @calwatch @twliterary

      you never tax phantom gains. Tech workers already taxed when they have to pay to acquire options.

      1 reply 0 retweets 0 likes
    6. Henry Fung‏ @calwatch 1 Aug 2016
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      Replying to @kimmaicutler @twliterary

      But if a $200k doubles, then drops back to $200k on sale, are we taxing for the years it was $400k? Is that fair?

      3 replies 0 retweets 1 like
    7. Kim-Mai Cutler‏Verified account @kimmaicutler 1 Aug 2016
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      Replying to @calwatch @twliterary

      if it was sold at the same price it was bought, 200K, I don't see why it would be taxed at that level.

      1 reply 0 retweets 0 likes
    8. Henry Fung‏ @calwatch 1 Aug 2016
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      Replying to @kimmaicutler @twliterary

      But you wanted to collect taxes on property values during ownership, i.e. the integral of the gains.

      2 replies 0 retweets 0 likes
    9. Kim-Mai Cutler‏Verified account @kimmaicutler 1 Aug 2016
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      Replying to @calwatch @twliterary

      the property values stay at 1% of assessed values from when you purchase, the value gains are taxed later.

      2 replies 0 retweets 0 likes
    10. Steve Lawton‏ @srlawton 1 Aug 2016
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      Replying to @kimmaicutler @calwatch @twliterary

      But: cap gains tax revenue goes to State & Feds; property tax revenue (mostly) to local government.

      1 reply 0 retweets 0 likes
      Kim-Mai Cutler‏Verified account @kimmaicutler 1 Aug 2016
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      Replying to @srlawton @calwatch @twliterary

      property tax revenue is mostly state funneled back out to K-12. Could you reform that cap gains pt?

      11:03 PM - 1 Aug 2016
      4 replies 0 retweets 0 likes
        1. Henry Fung‏ @calwatch 1 Aug 2016
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          Replying to @kimmaicutler @srlawton @twliterary

          In my proposed real estate recapture excise tax, you could direct that to local jurisdictions

          0 replies 0 retweets 0 likes
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        1. Steve Lawton‏ @srlawton 1 Aug 2016
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          Replying to @kimmaicutler @calwatch @twliterary

          Hard lift. Cap gains is income tax, a form only 100 years old. Property tax has feudal origins.

          0 replies 0 retweets 1 like
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        1. Steve Lawton‏ @srlawton 1 Aug 2016
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          Replying to @kimmaicutler @calwatch @twliterary

          Enormous interests would defend income / property sources, appropriations and allocation formulae.

          0 replies 0 retweets 0 likes
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        2. Steve Lawton‏ @srlawton 1 Aug 2016
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          Replying to @kimmaicutler @calwatch @twliterary

          Political effort probably better spent on split roll, residential mortgage deduction, form-based zoning

          1 reply 0 retweets 1 like
        3. Henry Fung‏ @calwatch 1 Aug 2016
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          Replying to @srlawton @kimmaicutler @twliterary

          You could get majority support for a revenue neutral split roll (increase homeowner's exemption)

          1 reply 0 retweets 0 likes
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