Mamdani in the News
- Thread starter tsuke11
- Start date
You got to be kidding, as Trump showed us, if you are rich enough to hire an army of attorneys and accountants you aren’t going to pay tax, especially Estate Tax.
“Wants“ and is are two separate things, all politicians say they want something, and
And if you were honest, or one could read the Bloomberg article, you’d know the tax apples to those who do not live in NYC and want to pass on second and third homes they own in NYC. To show you how toothless it is do you think Trump is going to sell Trump Tower now
There is a level of wealth where you have the capacity to hire estate tax lawyers and all that. 750k is not it. I would imagine thats just an old lady with a small apartment in NY she saved up all her life for
T. A. Gardner
Serial Thread Killer
Seems Mamdani is doing Escape from New York, Millionaire edition.
thedailyeconomy.org
Pending home sales in Westchester are up roughly 15% from a year ago, while average showing activity has climbed more than 25% since midsummer, according to Compass agents Zach and Heather Harrison. “Concerns about higher taxes, safety, and a desire for more space are driving people to act quickly,” said Zach Harrison. “We’re seeing bidding wars well into the multimillion-dollar range.”
The rush has been so widespread that local agents have coined a term for it—the “Mamdani effect.”
www.mpamag.com
Avoidance of Mamdani's tax hikes on NYC millionaires for many of them will be little more than a change of address for tax purposes to avoid them.
New York City is a relatively small jurisdiction in area relative to states and countries. Wealthy taxpayers have the option to leave the city while still maintaining their work in the city itself. In fact, a very wealthy New York City resident potentially already owns real estate outside of the city. This potentially creates a situation where the taxpayer would be able to change their tax residence and avoid any incremental New York City taxes with minimal tax planning.
Escape from New York, 2025 Millionaire Edition | The Daily Economy
NYC's highest earners are fleeing, along with $14 billion in gross income. An evacuating tax base risks taking the city's prestige with it — to Fl ...
thedailyeconomy.org
Pending home sales in Westchester are up roughly 15% from a year ago, while average showing activity has climbed more than 25% since midsummer, according to Compass agents Zach and Heather Harrison. “Concerns about higher taxes, safety, and a desire for more space are driving people to act quickly,” said Zach Harrison. “We’re seeing bidding wars well into the multimillion-dollar range.”
The rush has been so widespread that local agents have coined a term for it—the “Mamdani effect.”
The 'Mamdani Effect’: NYC's millionaires flee as Socialist surge sparks suburban bidding wars
Mamdani shakes up NYC's mayoral race, wealthy residents are stampeding to the suburbs — a luxury market frenzy now dubbed the "Mamdani Effect"
www.mpamag.com
Avoidance of Mamdani's tax hikes on NYC millionaires for many of them will be little more than a change of address for tax purposes to avoid them.
New York City is a relatively small jurisdiction in area relative to states and countries. Wealthy taxpayers have the option to leave the city while still maintaining their work in the city itself. In fact, a very wealthy New York City resident potentially already owns real estate outside of the city. This potentially creates a situation where the taxpayer would be able to change their tax residence and avoid any incremental New York City taxes with minimal tax planning.
I hope they enjoy the "warm embrace of Communism."
And they don't even get free bus rides...
Never, EVER vote for a democrat - EVER.
Mostly in "blue" cities and states, of course. California having the greatest "wealth gap" in the nation.
Of course look at Communism anywhere - you have the obscenely rich oligarchs like Gates, Buffett, and Soros, and the rest in abject poverty. The eradication of the middle class is and always has been the goal of the left.
Is that why Communism always collapses?
Yet you keep defending it.
Dumbest post of the year - Starkey level dumb....
Stick to Chinese propaganda. Oh, maybe this was a clumsy attempt at such by you.
Yes, but Mamdani's buddies OWN those hotels, so it's all good.
Besides, this drives up costs for the middle. And the left is at war to end the middle class. It is their prime directive.
Musk is highly unusual as billionaires go. He is not part of the leftist elite,