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<p>[QUOTE=&quot;johnmilton, post: 26767382, member: 101855&quot;]There is a push in California now to tax the value of your net worth. The politicians claim that they are only going after billionaires, but history has told us how that works. They get their foot in the door with the tax, and they start lowering the threshold until it gets to middle class people.</p><p><br /></p><p>Let’s say you own a house and have some gold and retirement portfolio of stocks and bonds. If gold and the stock market is up, you could get hit with this new tax. What if the stock market and gold goes down, the next year. The government is not going to re-imburse you for that. If fact if you are over the threshold, you could get taxed again, in addition to what you are already paying in income, sales and FICA taxes.</p><p><br /></p><p>And, yes, here in Florida, it does not take much to have a house that is said to be worth $500,000. One of the big problems is that the builders are not constructing houses that are worth a few hundred thousand any more. It makes it tough for young, first time home buyers.[/QUOTE]</p><p><br /></p>

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