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

[livingston]

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]

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.

That didn't take long.

 

[TEOTWAWKI inc.]

Yes, more taxes.

The 100% without a doubt only way to fix NY.

Nothing else could possibly ever work.

 

[GOPerfect]

I made it 27 seconds in....

 

[C3D]

The towns of Southampton and East Hampton just got chubbies.

 

[jimc]

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.

 

[dwa12479]

Im surprised it took this long...

 

[Saltwater60]

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.

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.

 

[spat]

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.

Wait till the owners decide it's not worth keeping and the property taxes collapse.

 

[Modean]

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.

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?

 

[Phazer]

Yes, more taxes.

The 100% without a doubt only way to fix NY.

Nothing else could possibly ever work.

EXACTLY!

There is no way to ever spend less. That would be crazy.

 

[Brawny71]

The learning curse has gone flat

 

[thughes]

The learning curse has gone flat

Freudian slip?

 

[TEOTWAWKI inc.]

Anyone that has Pied-A-Terre means they also already have one Pied-à-la-porte.

I would definitely raise their taxes so they move both feet out the door.