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Registered
Join Date: Jun 2009
Location: Redwood Shores, CA
Posts: 162
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Is it worth it? Oh yeah and how, just look at this one:
$3 million tax cut on Larry Ellison's estate
County OKs his appeal based on falling value of his sprawling 23-acre estate in Woodside
March 27, 2008|By James Temple, Chronicle Staff WriterLarry Ellison, ranked 12th on the Forbes 500 list with a net worth of $25 billion, has bagged a $3 million tax break after arguing that his flamboyant Japanese-style estate in Woodside is functionally obsolete.
The chief executive officer of software giant Oracle Corp. will be paid from San Mateo County property taxes collected this year, which otherwise would have gone to schools, the county general fund and cities, among other things, Deputy Controller Kanchan Charan said. The hit to schools alone will be nearly $1.4 million.
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