Oracle CEO Larry Ellison, spent more than $200 million to build a 16th century Japanese emperor's countryside home in Woodside. Yet such a home suffers from "significant functional obsolescence," according to an Ellison filing — that is, not too many rich folks would buy it — and so Ellison was granted a $3 million tax break. The local school district will reportedly lose some $330,000 in tax revenue. Whack! Take that kiddies.
Image Credit: SFgate.com
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