NYC Tax on Second Homes Targets 13,000 Properties, Hochul Says

[1srelluc]

MSN

(Bloomberg) -- New York Governor Kathy Hochul is proposing a new tax on second homes in New York City worth at least $5 million as a way to raise cash for the city’s struggling budget.

“This is a targeted surcharge on second homes and investor owned apartments worth over $5 million, homes that in many cases sit vacant for a large part of the year,” Hochul said on Wednesday at a press conference in midtown Manhattan. She referenced a nearby home worth over $100 million that she says has never been occupied. “They’re part of our skyline, but those people are not part of our city.”

It just amazes me that they never stop and think that maybe they are just spending too much money.

Then again it's is not like they are spending their money....Oh well, theft comes naturally to them.

 

[eagle1462010]

They Never Tire of spending other peoples money.

Until they run out of people to STEAL FROM

 

[Concerned American]

MSN

(Bloomberg) -- New York Governor Kathy Hochul is proposing a new tax on second homes in New York City worth at least $5 million as a way to raise cash for the city’s struggling budget.

“This is a targeted surcharge on second homes and investor owned apartments worth over $5 million, homes that in many cases sit vacant for a large part of the year,” Hochul said on Wednesday at a press conference in midtown Manhattan. She referenced a nearby home worth over $100 million that she says has never been occupied. “They’re part of our skyline, but those people are not part of our city.”

It just amazes me that they never stop and think that maybe they are just spending too much money.

Then again it's is not like they are spending their money....Oh well, theft comes naturally to them.

Just read CA, NY, and IL are considering state taxes on tips--Democrats -- No tax they don't love.

 

[Dont Taz Me Bro]

This is what the people voted for.

 

[martybegan]

MSN

(Bloomberg) -- New York Governor Kathy Hochul is proposing a new tax on second homes in New York City worth at least $5 million as a way to raise cash for the city’s struggling budget.

“This is a targeted surcharge on second homes and investor owned apartments worth over $5 million, homes that in many cases sit vacant for a large part of the year,” Hochul said on Wednesday at a press conference in midtown Manhattan. She referenced a nearby home worth over $100 million that she says has never been occupied. “They’re part of our skyline, but those people are not part of our city.”

It just amazes me that they never stop and think that maybe they are just spending too much money.

Then again it's is not like they are spending their money....Oh well, theft comes naturally to them.

it starts with 13k homes. Then goes to 20k. then to 50k, then to 100k, the to everyone who has a summer house.

 

[LordBrownTrout]

This is what the people voted for.

Yep, no sympathies here.

 

[martybegan]

This is what the people voted for.

NY in the next two decades is going to face a Pension liability implosion.

 

[leftwinger]

investor owned apartments worth over $5 million,

Investor Apartments sit empty? Huh?

 

[leftwinger]

Illinois once sold the parking meter business to a private company to get a cash pop. Then they soon missed the steady revenue and wanted it back.

These people (CityStain) are not really capable to be in charge of much.

 

[Synthaholic]

The cope is hilarious.

Mayor Mamdani is kicking ass, and is the most popular politician in America. And by a pretty good margin.

 

[Synthaholic]

If you can afford a $5 million apartment/townhouse in NYC as a second home you can afford to pay more in taxes on it.

Not happy about it? Move back, make it your residence, and make your current residence your second home. But they don't want to do that. The whole reason they have an expensive second home in NYC is to avoid NY taxes.

Mayor Mamdani is not letting them get away with their tax avoidance schemes any longer.

There's a new sheriff in town, and he prays 5 tines a day. When he isn't kicking ass.

 

[martybegan]

The cope is hilarious.

Mayor Mamdani is kicking ass, and is the most popular politician in America. And by a pretty good margin.

Sooner or later you run out of other people's money.

 

[rightwinger]

Is the TRUMP Tower penthouse a second home that is unoccupied?

 

[WelfareQueen]

This is what the people voted for.

Never under-estimate the power of human stupidity.

 

[Synthaholic]

Sooner or later you run out of other people's money.

You're such a damn fool, still parroting Margaret Thatcher, of all people.

Hizzonor has an answer for you. Just click 'play'.

 

[martybegan]

You're such a damn fool, still parroting Margaret Thatcher, of all people.

Hizzonor has an answer for you. Just click 'play'.

He can mock all he wants, he's still a lying DSA scumbag.

 

[Synthaholic]

Never under-estimate the power of human stupidity.

What are you basing this on? Because you all talk a bunch of shit but never back it up.

Zohran Mamdani is very popular among the only people who count: NYC voters.

 

[Synthaholic]

Why So Much of New York Loves Mamdani​

 

[leftwinger]

Why So Much of New York Loves Mamdani​

Election fraud? Poor boroughs occupied by imports think they will get Park ave. Money one way or another.

Hey, it was an election. If a dictator can simply raise taxes or fees? As long as i do t have to pay it? I can't stop them.

Next good guy in could impose a payback tax ob Brooklyn...oh forgot. They don't have money.

 

[Toddsterpatriot]

If you can afford a $5 million apartment/townhouse in NYC as a second home you can afford to pay more in taxes on it.

Not happy about it? Move back, make it your residence, and make your current residence your second home. But they don't want to do that. The whole reason they have an expensive second home in NYC is to avoid NY taxes.

Mayor Mamdani is not letting them get away with their tax avoidance schemes any longer.

There's a new sheriff in town, and he prays 5 tines a day. When he isn't kicking ass.

If you can afford a $5 million apartment/townhouse in NYC as a second home you can afford to pay more in taxes on it.

Exactly!

Tax it at 100%.