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Started By
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re: Manhattan rents reach all-time high of $6,655/month amid Mamdani’s rent freeze and pied-a-
Posted on 8/13/26 at 7:21 am to Mo Jeaux
Posted on 8/13/26 at 7:21 am to Mo Jeaux
It was a mechanism, of transferring a home that would have to pay federal SALT tax, to a corporate entity, thereby bypassing the status as a "home" and having to pay the federal tax.
Now the city is coming back taxing those entities without removing the "status". So they still avoid the SALT tax federally, but the city is going to tax them.
Its why northern states hated the SALT tax, they couldnt get away with higher state and city tax, well they could it would just make the overall tax rate terrible.
Same reason they tax water, power, etc just a way to hide tax in plain site.
Now the city is coming back taxing those entities without removing the "status". So they still avoid the SALT tax federally, but the city is going to tax them.
Its why northern states hated the SALT tax, they couldnt get away with higher state and city tax, well they could it would just make the overall tax rate terrible.
Same reason they tax water, power, etc just a way to hide tax in plain site.
0
Posted on 8/13/26 at 7:49 am to djmed
Like nobody knew this was coming. Jack the rent up to cover the tax and future freeze of rents. Mandummy knew this would happen and wanted it to happen so he can villainize the land lords and push the take over of housing or at least run enough landlords off and create a bad housing market.
Posted on 8/13/26 at 8:41 am to djmed
Problem-Reaction-Solution has long been a strategy of the Left.
Problem: Identify or manufacture a problem and work to exacerbate it.
Reaction: Public reacts calling for reform.
Solution: Offer solutions while increasing personal or party influence and power.
Problem: Identify or manufacture a problem and work to exacerbate it.
Reaction: Public reacts calling for reform.
Solution: Offer solutions while increasing personal or party influence and power.
Posted on 8/13/26 at 10:36 am to djmed
quote:
The median rent, meanwhile, sits at $5,295, up 6% from last July
From google AI -
quote:
The average household income in New York City is approximately $127,894 per year, while the median individual and household earnings sit closer to $79,000 to $81,000. Actual take-home pay varies significantly based on your specific industry, borough, and experience level
The math aint mathin. Glad I live in the south; our politicians know how to keep it "low rent".
Posted on 8/13/26 at 10:38 am to dat yat
quote:
The math aint mathin
The median figure is for Manhattan. Your household income figures are for all of NYC.
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