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“Zohran Mamdani and radical mayors of five other embattled Dem cities plot lefty super group” Six of the most radical leftist mayors in the United States – including NYC’s own Zohran Mamdani – are plotting to form an ultra-woke super group that critics say would seek to turn the Land of the Free into the…
“Hochul announces rebate checks for property taxpayers ahead of primary” Gov. Kathy Hochul is sharing some good news with property taxpayers, but the timing of her announcement has critics wondering whether she’s leveraging her official power for personal political gain ahead of the June 28 Democratic primary. “Governor Hochul and the New York State Legislature…
“421a’s end means it’s time for real property-tax reform in NYC” For those who want to see New York City revive and thrive, the impending demise of the 421a housing-construction abatement, known by its section of state law, may seem like a blow. The annual $1.8 billion property-tax break, the city’s most lucrative, has enabled…
“#Pro-biz GOPer gaining on duplicitous Dem Murphy: Devine” As President Biden’s reverse Midas touch ricochets around the nation, even in deep-blue New Jersey Democrats are nervous. All attention has been on Virginia’s gubernatorial race, but the Garden State could be a sneaky upset, as polls have narrowed dramatically since August in what already is a…
“#A Big Apple to-do list for our new gov” Kathy Hochul, unelected governor, has no mandate from voters. Nor does she have any experience in managing a large government, negotiating with a state legislature, crafting a budget or setting public-works policies. And she still may be the best thing that’s happened to New York state…
“#What to know about taxes when selling investment properties” If you’re new to real estate investing, it’s likely you’re reading every book and article on the topic — or you should be! — in order to prepare yourself for all obstacles. One aspect of real estate investing that many individuals often overlook is tax liabilities…
“#War on tax deduction cap is dividing Democrats” The SALT showdown brewing in Congress over the question of removing a $10,000 cap on state and local tax deductions is roiling the Democratic party. The cap, a creation of President Trump’s Tax Cuts and Jobs Act of 2017, disproportionately affects New York and other blue states…
“#How taxes made margarine pink, ships sink, and more odd results” On Wednesday, President Biden announced his $2 trillion infrastructure package, and part of the plan includes raising taxes on corporations and “high earners.” It’s just the latest example of a government struggling to calibrate taxes so that they land fairly on the most well-off…
“#This absurd tax is the reason people are fleeing the Northeast” Last month, I got a notice in the mail from a debt collector. It was a personal property tax bill for my wife’s car — from a different state, Connecticut, which we had left three years earlier. In Connecticut, they charge you for the…
“#Bill de Blasio would rather no one notice his latest budget” Mayor Bill de Blasio dropped his preliminary budget for his last year as mayor on Thursday — with no notice, on the eve of a holiday weekend and with the documents providing key details landing even later. In other words, he did his best…