The political fraud case in NY against Trump uncovered a potential windfall source of cash for New York

[ColonelAngus]

It seems every single property in New York is tremendously undervalued in its taxable assessed amount.

Jon Stewart was paying taxes for a $1.4m value on a residence he sold for $17.5 million.

(As an aside, That buyer sold it a couple years later for $13.5m. He lost $4m.)

All New York has to do is INCREASE THEIR TAXABLE ASSESSED VALUES ON EVERY PROPERTY UP TO THE MARKET VALUE.

Charge Jon Stewart tax on $17.5m, not $1.4m.

DO NOT CHANGE THE TAX RATE, JUST BRING UP THE ASSESSED VALUES.

Then New York can pay for all the criminal aliens themselves.

Triple the taxable value for Stewats home from $1.4m to $4.2m.

NOW THE RICH ARE PAYING THEIR FAIR SHARE AND YOU TRIPLED YOUR TAX REVENUE!

 

[1srelluc]

Were I rich-n-famous, NY would be a no-go zone.

 

[wamose]

It seems every single property in New York is tremendously undervalued in its taxable assessed amount.

Jon Stewart was paying taxes for a $1.4m value on a residence he sold for $17.5 million.

(As an aside, That buyer sold it a couple years later for $13.5m. He lost $4m.)

All New York has to do is INCREASE THEIR TAXABLE ASSESSED VALUES ON EVERY PROPERTY UP TO THE MARKET VALUE.

Charge Jon Stewart tax on $17.5m, not $1.4m.

DO NOT CHANGE THE TAX RATE, JUST BRING UP THE ASSESSED VALUES.

Then New York can pay for all the criminal aliens themselves.

Triple the taxable value for Stewats home from $1.4m to $4.2m.

NOW THE RICH ARE PAYING THEIR FAIR SHARE AND YOU TRIPLED YOUR TAX REVENUE!

That's a good idea but would the new assessed values be for Democrats too. I can't see Democrats agreeing to pay more in a city they control.

 

[ColonelAngus]

THE RICH SHOULD PAY THEIR FAIR SHARE!

Judge Engoron and AG James opened a can of worms here.

Why would anyone buy a residence for a value higher than on their tax bill?

If you claim your residence is worth more than the county says, JUDGE ENGORON WILL SAY YOU COMMITTED FRAUD.

 

[ColonelAngus]

That's a good idea but would the new assessed values be for Democrats too. I can't see Democrats agreeing to pay more in a city they control.

Nothing I say will ever be done. I am merely pointing out their bullshit.

They say the rich do not pay their fair share…so increase the tax value of their homes.

Why should Jon Stewart pay taxes for a $1.4 m valuation when the property is worth $17.5m?

They can make Jon Stewart pay his fair share.

 

[ColonelAngus]

MAKE THE RICH PAY THEIR FAIR SHARE.

MAKE THEM PAY TAXES ON THE VALUE OF THEIR HOME.

 

[Independentthinker]

It seems every single property in New York is tremendously undervalued in its taxable assessed amount.

Jon Stewart was paying taxes for a $1.4m value on a residence he sold for $17.5 million.

(As an aside, That buyer sold it a couple years later for $13.5m. He lost $4m.)

All New York has to do is INCREASE THEIR TAXABLE ASSESSED VALUES ON EVERY PROPERTY UP TO THE MARKET VALUE.

Charge Jon Stewart tax on $17.5m, not $1.4m.

DO NOT CHANGE THE TAX RATE, JUST BRING UP THE ASSESSED VALUES.

Then New York can pay for all the criminal aliens themselves.

Triple the taxable value for Stewats home from $1.4m to $4.2m.

NOW THE RICH ARE PAYING THEIR FAIR SHARE AND YOU TRIPLED YOUR TAX REVENUE!

Don't forget, NYC is now accessing a $15 toll on main roads going into Manhattan. That'll raise some more money. And, the toll even applies to U-Hauls for those that want to escape the madness.

 

[wamose]

Nothing I say will ever be done. I am merely pointing out their bullshit.

Yeah, I know that feeling, and I did get what you were saying. I guess that was just me fantasizing how cool it would be for the government to do the right thing once in a while. Ain't happening.

 

[ColonelAngus]

Yeah, I know that feeling, and I did get what you were saying. I guess that was just me fantasizing how cool it would be for the government to do the right thing once in a while. Ain't happening.

The Dems do not want anything fixed. THEY WANT PAIN FOR THE CITIZENS AND THEY WANT TO BLAME REPUBLICANS.

They are sick.

 

[ColonelAngus]

Isnt NY stupid to make Jon Stewart pay taxes on $1.4M when the property is worth $17.5 million?

Lets say the tax bill has a millage rate of 31 That means $31 are paid in taxes for every $1000 of value.

Using this on a $1.4m property, results in a tax liability of $1400 annually.

NOW...if JON STEWART WAS TAXED AT THE REAL VALUE....

$17.5M @ 31 millage is an ANNUAL TAX LIABILITY FOR JON STEWART OF $17,531.

STILL WELL WITHIN JON STEWARTS ABILITY TO PAY.

THE RICH SHOULD PAY THEIR FAIR SHARE!

NYC can increase their revenue tenfold overnight.