CA spent $870M on affordable housing last yr, but households making >$100K got $4B in property, mortgage tax breaks.https://twitter.com/CalBudgetCenter/status/768844645367296002 …
@chilliamwen these are exemptions that come out of the interplay between federal & state tax breaks. They understate totals.
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has anyone ever undertaken the monumental effort to total up the lost $ in property tax due to Prop 13?
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