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https://www.nyc.gov/mayors-office/news/2026/04/mayor-mamdani--governor-hochul-announce-state-s-first-pied-a-ter

NEW YORK – Today, Mayor Zohran Kwame Mamdani and Governor Kathy Hochul announced the proposal of the state’s first pied-à-terre tax, a major step toward closing New York City’s budget gap while protecting the public services working New Yorkers rely on.

The pied-à-terre tax — supported by 93% of New Yorkers — will levy an annual surcharge on one to three family homes, condominiums and co-ops valued above $5 million when owners have a separate primary residence outside of New York City. While leaders from multiple mayoral administrations have proposed similar measures for more than a decade, this policy marks the first time such a tax will be enacted in New York State.

The measure targets ultrawealthy out-of-city residents and global elites who use New York City real estate as a vehicle for wealth storage rather than as homes. It is projected to generate $500 million in annual revenue, including from some of the most expensive residences in the country — from billionaire Ken Griffith’s $238 million penthouse in Midtown, at one time the most expensive home sold in the United States, to Russian auto-dealer Alexander Varshavsky’s $20.5M property (purchased in cash), and thousands more owned by foreign oligarchs and the global ultrarich.
+Showing all 65 replies.
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“Thanks to the support of Governor Hochul, we are one step closer to balancing our budget by taxing the ultra-wealthy and global elites with a pied-à-terre tax — the first of its kind in our state. Alongside the governor, our administration is fighting every day to make sure we address this fiscal deficit fairly, where the wealthy contribute what they owe and our budget reflects our commitment to the working New Yorkers being priced out of our city,” said Mayor Zohran Mamdani.

“New York City is the greatest city in the world, and the people who call it home should not be left carrying the burden alone. As Governor, I understand the importance of stabilizing the city’s finances without compromising on essential services New Yorkers count on. If you can afford a $5 million second home that sits empty most of the year, you can afford to contribute like every other New Yorker,” said Governor Kathy Hochul.
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>>1506572
>“Thanks to the support of Governor Hochul,
This Hochul?
https://www.skynews.com.au/world-news/united-states/kathy-hochul-humiliatingly-begs-new-yorks-richest-to-return-after-fleeing-mamdanis-high-taxes/video/10d35bcc1558dd7adfc2a8840129e9ee
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>>1506574
LMAO COMMIES BTFO

fuck leftism. MAGA
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>>1506576
will you ever post legitimate news sources or stop talking to yourself, esl shill?
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>>1506577
NTA
https://www.youtube.com/shorts/hmQo7Db1YQ0
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>>1506574
>>1506576
It's weird how these miggers try to defend billionaires with multiple homes. Are you people billionaires? No? Then why do you care if they pay more taxes?
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>>1506578
>@FinancialGuysMedia
>https://financialguysmedia.com/
>Broadcasting arm of The Financial Guys, a Buffalo-based financial firm, delivering bold conservative commentary at the crossroads of money, politics, and community. What began as a radio show is now a fast-growing podcast network featuring weekly episodes, exclusive interviews, and no-nonsense takes from hosts Mike Lomas, Glenn Wiggle, Mike Hoeflich, and Mike Sperrazza. Tired of mainstream spin? So are we—follow us for the truth they won’t tell you

kek you poor deluded bastard
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>>1506579
They unironically think the wealth is going to trickle down lmao
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>>1506579
>miggers
Is this some sort of new reddit term?

>Are you people billionaires? No? Then why do you care if they pay more taxes?
Because it's hilarious watching you dirty leftists simultaneously cheer about how much you hate rich people, don't need them, want them gone, and will tax them out of your state AT THE SAME TIME begging them to come back to your state so they can help pay for dem social programs.

Do you not appreciate the irony?
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>>1506580
>post direct quotes of Hochul contradicting herself
>y-yeah well I don't like your source so it doesn't count!
Cope harder, faggot.
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>>1506582
>>1506584
>>1506582
>>1506584
we get it anon, you love slurping billionaire dick. please don't talk with your mouth full of it
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>>1506574
>Murdoch
>Using a far right foreign propaganda outlet
Meanwhile, if the rich stay, they get properly taxed. If the rich leaves, it means their mansions can be leveled to make room for cheaper housing for everyone.
Win-win for New York.
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>>1506579
Are you retarded? Rightoids are not defending Democrat billionaires in NY, they're mocking the idea because it's retarded. 5 million dollars is not a lot of money. Single family homes in expensive areas of my city are at least 1.5-2 million. This basically targets every single residential property in all of NYC. Also, notice how they didn't go after any of the commercial property, which is significantly more expensive
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>>1506586
>their mansions can be leveled to make room for cheaper housing for everyone.
You mean sold to chase bank and other corporations that won't pay any tax
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>>1506586
>waaaaaahhhh I don't like your source
Did Hochul say that shit? Yes or no.
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>>1506587
Does it hurt being as stupid as you are? Everything you said was wrong
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>>1506579
>>1506581
Like tRump, they're into golden showers.
Unlike tRump, they can't afford to hire high class hookers, so they get their dogs too urinate on them
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>>1506587
>Single family homes in expensive areas of my city are at least 1.5-2 million

My god... That's at least 3 million beneath the threshold of the tax... We have to stop this guy...
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>>1506571
This is a good idea. If these rich assholes (because they don’t want to pay taxes) decide they need to sell these properties and leave then that’s perfectly fine, it will free up real estate and reduce property values via lowering demand. And if they stay they have to pay for the privilege of keeping empty houses in the city. All good, very uncontroversial
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>>1506587
>This basically targets every single residential property in all of NYC.
No it doesn’t you complete and utter idiot. The tax is on people who aren’t locals, these people have multiple homes and don’t live in the city they use these properties as holiday homes
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>>1506576
'Mamdani is a very rational man' -Trump
So either (check one):
[ ] Trump is right about Mamdani, therefore your opinions are wrong
[ ] Disagree with Trump saying that, and your opinions are wrong
Choose wisely, MAGAtard.
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>>1506607
>This is a good idea

Yeah, sure, if youre a tranny
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>>1506623
Its called the Art of the Deal retard. He was just being friendly, as to form a better foundation for negotiations and deal making.
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>>1506635
You don’t make sense
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>>1506589
Clearly it's AI. Just like trump pretending he's jesus. BTW he just gutted funding to catholic charities because the pope saying you shouldn't be a war monger and pro genocide triggers him.

>>1506588
Then they get to pay the Pied-à-Terre Tax which is what OP is about. Win-win for NYC again.
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>>1506641
So Trump was lying when he said that?
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>Art of the Fail
>and 1506641's credibility crumbles to dust due to being a Trump cultist with wrong opinions
You have chosen... poorly
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>>1506602
Zero reading comprehension ESL.
>>1506609
How does it differentiate that in the bill?
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>>1506641
>He was just being friendly
>just
Just like you're lying.
Just as Trump lied about writing "The Art of the Deal" when he's functionally illiterate, and was actually written by Tony Schwartz.
Liars & hypocrites don't have the right to be listened to. Only retards are liars & hypocrites, thus making them subhumans.
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>>1506646
>Trump gives a compliment during a meeting with the man
>Therefore that singular statement should be applied to all policy going forward
Are you the kind of retard that thinks the Star Spangled Banner is national policy?
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>>1506641
>form a better foundation for negotiations and deal making
That aged well
Thus either (check one):
[ ] Trump must continually say that Mamdani is superior to him, to maintain that foundation: one which is as solid as quicksand for you & Trump, credibility-wise
[ ] 'Art of the Deal' is nothing more than the first word with the letter 'F' omitted, and has no credibility (and has failed time & again: from all the failed businesses, to folding like a lawn chair re. Hormuz & becoming Iran's bitch)
Choose wisely.
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>>1506641
>Art of the Deal
Trump didn't even write that book. It was written by a jewish guy named Schwartz.
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>>1506666
>being a MAGAt
You are that kind of retard
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>>1506677
>Jeet shill thinking he can talk shit to anyone
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>>1506571
>Extra taxes on ultra expensive homes for out of state residents
>MAGA howls
Its crazy how well Israel has those retards trained
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>>1506680
Because it won't work, rich people are fleeing Jew York in droves. The people who pay the majority of taxes are gone to red states where they won't be squeezed by the government. All the tax money you get from extorting people for owning multiple properties won't even cover 10% of the tax income that has left the state
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>>1506683
>It won't work, just surrender to the billionaires
Fuck off.
The rich are parasites, this is a good way to make sure they pay their fair share. If they want to move out of the city, they don't deserve to own anything in it then.
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>>1506683
>Thinks the rich would rather deal with the sheer inconvenience of moving to fuckass texas than pay slightly more
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>>1506686
Tariffs are already bringing in trillions and you're still obsessed with raising taxes on successful people lmao. Good job stifling innovation or any incentive to work hard.
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>the retard Trump cultist that is 1506679 can't think
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Just remember that the year with record breaking amounts of millionaires in NYC is whatever year it currently is. This record was broken by the record set by the previous year. Repeat this for every year in living memory.
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>Jeet shill
And >>1506679 the MAGAtard can't talk due to projecting too much.
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>>1506683
>rich people are fleeing Jew York in droves
Well they already aren't actually living in New York so what's the problem? Keep taxing them
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>>1506690
Nice fan fic
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>>1506752
If they are subject to the tax Mamdani announced today, you're not taxing them, because they are out of state, you're only taxing their properties.

What this will cause, over time, is a degradation of your tax base as people stop investing, new properties stop being built, and you have less properties to tax. The dude he refrenced in the video - with the $250 million apartment - is already paying $1.9 million per year in property taxes.

I would say $1.9 million is more than a "fair share" for someone who doesnt live in the city and thus rarely, if ever, uses public resources.

But you know, this isnt about a better society or whatever, its about theater kids being angry that there are people who are better than them (in every conceivable way).
>Mamdani's loser wife, a "graphic designer" made $10k last year.
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>>1506832
If you're successful and don't give back anything to the community, you should be taxed into oblivion
>Also attacking Mamdani's wife
The Epstein class pedo's mask falls off at the end.
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>>1506834
>dont give back anything to the community
First, he gives back $1.9 million per year. Second, what entitles you to the fruits of his labor? Third, Mamdani's wife is a fucking loser, Mamdani is equally a loser because the only job he has worked earns him $4,000 per year.

This whole politique is the politics of resentment.
>Oh a bloo bloo I'm the descendant middle class I'm mad that people are better than me and earn more money than me
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>>1506837
you're literally a shill, anon. why so haughty?
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>>1506838
Pointing out that his policies are idiotic and generally driven by resentment is not shilling, its just pointing out the obvious.
>the evil billionaire who doesn't even live here gives us $1.9 million per year! what an ANIMAL! we're going to tax him!
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>>1506838
>why so haughty?
Because Mamdani may be impressive to you, but to me his nothing more than a loser theater kid with a trust fund and a chip on his shoulder.
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>>1506839
>>1506840
i'm not saying he's impressive, i'm saying you're even less impressive by a sizable chasm of a margin
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>>1506623
I hope trump exterminates you, but i also like mamdami's policies I hope he also exterminates you, its not the win you think it is retard mamdami is closer to the maga/liberal then democrats.
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>>1506855
god you're esl
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>>1506837
>Epstein class shill is actually an incel too
LMAO
Your masters deserved to be taxed to oblivion.
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>>1506832
The $1.9m property tax will be picked up by the new owners who will live there and we’ll be where we are yesterday but the people who live in the house will be local New Yorkers
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>>1506663
>when owners have a separate primary residence outside of New York City
Like this. So it won’t apply to people who primarily reside in NYC and own multiple properties wherever. It’s designed to make people pay who own property in NYC but don’t live in NYC, think of someone who lives and works in LA and also owns a townhouse in Manhattan which they only use when they come to NY. The idea is to disincentivise people who aren’t living in NYC from hoarding properties which could potentially be inhabited by local NYC people rather than left empty and treated like holiday homes
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>>1506666
I think it’s clear that nothing Trump says can be taken as honest
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>>1506855
>mamdami is closer to the maga/liberal then democrats
>then
Mamdani is closer to Democrats than you, migger shill that's already being politically exterminated since late last year.
You've destroyed yourself by admitting that you're educationally inferior.
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>>1506623
>NY drags Trump to court numerous times
>they elect a gay race communist
>Trump sees him as a poison pill that will kill NYC for good, dems act retarded and think Trump unironically praises mamdani
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>>1506875
what about him is democrat lol? you're a retard who thinks liberals = democrats. the majority of the liberal block voted for trump dipshit.
he's going to play ball with trump because their aligned, you are going to suffer and be imprisoned and i'll be here smiling when you're another headline
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>>1506875
>Mamdani is closer to Democrats than you,
wow real tough bar,
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>>1506878
>>1506879
Nice fanfic, samefag
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>>1506878
>Mamdani is a socialist Democrat, he's going to ruin the country!
>*enacts policies that redistribute wealth away from ultra-rich psychopaths, the exact opposite of right wing tax policies.*
>Er... Actually, I mean he's basically just a maga republican. And Trump is a Christian! That'll make you hate him, right?

No you fucking brainlet, we're not fucking stupid enough to believe something because some fucking dumbass says so. I bet you think Trump is a devout Christian.

You're a simpleton and a disgrace.
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>>1506579
You think lefty commies are going to stop with the billionaires? You fool!
They're literal Nazis who will devour any and all wealth for their personal gain
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>>1506841
(((You))) sound jealous!

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