Great way to kill California jobs, taxing product development and
>productive equipment. And San Francisco taxes all equipment at 1% of
>the original purchase price, every year, *forever* as long as you
>still have it on site. We don't need no stinkin' jobs here.
>
>John
And you idiots let them!
You should be trashing some politicians. I do not know of ANY accounting audits on assets in the world that does not properly depreciate the values of their assets.
From what you say, a $5000 IBM XT PC over in the closet would get taxed at $500 a year.
That is lame. SF is lame if they operate that way, and ALL of their citizens are lame if they let them operate that way.
That is the epitome of unrepresented tax.