Interview: NYS Senator Pat Fahy (D-Albany) on proposing a Pied-A-Terre Tax Opt-in outside of NYC

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Interview: NYS Senator Pat Fahy (D-Albany) on proposing a Pied-A-Terre Tax Opt-in outside of NYC​


New York State Senator Pat Fahy discusses her proposal to expand Governor Kathy Hochul and Mayor Zohran Mamdani's proposal for a Pied-A-Terre tax on second luxury homes in New York City. Fahy is proposing to allow municipalities outside of NYC opt-in to a similar tax.

 
Bustedknees

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livingston said:

Interview: NYS Senator Pat Fahy (D-Albany) on proposing a Pied-A-Terre Tax Opt-in outside of NYC​


New York State Senator Pat Fahy discusses her proposal to expand Governor Kathy Hochul and Mayor Zohran Mamdani's proposal for a Pied-A-Terre tax on second luxury homes in New York City. Fahy is proposing to allow municipalities outside of NYC opt-in to a similar tax.

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That didn't take long.
 
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So let me get this straight... According to her, these investors owning multi-million dollar properties are keeping the 'average working person' from owning these properties? I consider myself at the high-middle portion of an 'average working person' and there is no way I could afford a multi-million dollar home. Let the owners pay their property and school taxes like the rest of us and call it good.
 
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Saltwater60

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jimc said:
So let me get this straight... According to her, these investors owning multi-million dollar properties are keeping the 'average working person' from owning these properties? I consider myself at the high-middle portion of an 'average working person' and there is no way I could afford a muti-million dollar home. Let the owners pay their property and school taxes like the rest of us and call it good.
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I agree.
I have heard recently that since they don’t live here they avoid other taxes so they think this is fair. I had no clue that budgets were set up by the number of addresses in NYS/NYC and not the income taken in by state revenue.
The stupidity here astounds me.
 
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jimc said:
So let me get this straight... According to her, these investors owning multi-million dollar properties are keeping the 'average working person' from owning these properties? I consider myself at the high-middle portion of an 'average working person' and there is no way I could afford a multi-million dollar home. Let the owners pay their property and school taxes like the rest of us and call it good.
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Wait till the owners decide it's not worth keeping and the property taxes collapse.
 
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livingston said:

Interview: NYS Senator Pat Fahy (D-Albany) on proposing a Pied-A-Terre Tax Opt-in outside of NYC​


New York State Senator Pat Fahy discusses her proposal to expand Governor Kathy Hochul and Mayor Zohran Mamdani's proposal for a Pied-A-Terre tax on second luxury homes in New York City. Fahy is proposing to allow municipalities outside of NYC opt-in to a similar tax.

Click to expand...
They really do want to chase every well off individual out of this state, don't they? How about applying that level of taxation to private equity firms buying single family homes?
 
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