Los Angeles, officially the City of Los Angeles and known colloquially by its initials LA, is the second-most populous city in the United States, after New York City, and the largest and most populous city in the Western United States. With an estimated population of four million, Los Angeles is the cultural, financial, and commercial center of Southern California.
Rent is ridiculously high. People double up in apartments so there's a lack of parking. Our schools are funded by property taxes but the majority of the kids live in apartments; and we keep tearing down housesfor more apartments. There's a good Senior Center nearby in Culver City. We have great weather so every homeless person in the country comes here. Most of these homeless people aren't unemployed due to Covid.
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How did California earn the grade of C? We examined the state taxes based on how age friendly they are. California has a state sales tax of 7.25%. Of particular interest is that California does not have taxes on social security. There are no estate taxes. There are no taxes imposed on inheritance. California has an effective property tax rate of 0.79%. Weighing these taxes and other taxes most likely to impact the aging population is how California earned its state tax grade of C.
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