« previous next »
Pages: [1]   Go Down

Author Topic: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole  (Read 486 times)

Fishrrman and 1 Guest are viewing this topic.

Online mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 413,630
Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« on: January 29, 2026, 09:35:09 am »
Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
January 29, 2026 | Chris Donaldson

New York City Mayor Zohran Mamdani is calling for a tax hike on the wealthy and corporations as Gotham faces a mammoth budget deficit of more than $12 billion now that he has settled into City Hall.

“We are speaking about a fiscal crisis at a scale greater than the Great Recession,” Hizzoner said at a Wednesday press conference. “And so there will not be one single thing that can answer that crisis. It will require us to pursue every single avenue.”

“That means looking inward into savings and efficiencies,” he continued. “That also means raising taxes on the wealthiest New Yorkers and the most profitable corporations, and it means recalibrating the relationship with the state.”


https://twitter.com/EricLDaugh/status/2016595774839120237

more
https://www.bizpacreview.com/2026/01/29/mamdani-set-to-tax-the-rich-until-they-scream-as-nyc-looks-to-plug-mammoth-budget-hole-1618969/
Logged
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34

Smokin Joe: Stupid people vote. If you have enough of them, you don’t need to steal an election

Offline mountaineer

  • Hero Member
  • *****
  • Posts: 66,488
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #1 on: January 29, 2026, 09:44:14 am »
Logged

Offline DefiantMassRINO

  • Hero Member
  • *****
  • Posts: 14,394
  • Gender: Male
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #2 on: January 29, 2026, 09:49:41 am »
It's the fault of the rich for still being domiciled in NYC.

The unwashed masses have given up on Dem Party, GOP, and private market capitalism.  You could see this Kommie Krazy Train coming from a mile away.
Logged
"Political correctness is a doctrine fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it’s entirely possible to pick up a turd by the clean end." - Alan Simpson, Frontline Video Interview

Offline mountaineer

  • Hero Member
  • *****
  • Posts: 66,488
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #3 on: January 29, 2026, 09:58:50 am »
It's all in how he defines "wealthy." Joe Schmoe New Yorker, making $100K per year, is going to get screwed, too.
Logged

Offline Kamaji

  • Hero Member
  • *****
  • Posts: 50,725
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #4 on: January 29, 2026, 10:51:47 am »
Quote from: mountaineer on January 29, 2026, 09:58:50 am
It's all in how he defines "wealthy." Joe Schmoe New Yorker, making $100K per year, is going to get screwed, too.

Yup.  But those of us who just work in NYC but live outside it won’t get hit with this tax.  NYC is not allowed to tax commuters!
Logged
Nie mój cyrk, nie moje małpy

Socialism is a crime against humanity

Online IsailedawayfromFR

  • Hero Member
  • *****
  • Posts: 15,422
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #5 on: January 31, 2026, 10:27:23 am »
Logged
“You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.” Thomas Sowell

Offline Smokin Joe

  • Hero Member
  • *****
  • Posts: 66,098
  • I was a "conspiracy theorist". Now I'm just right.
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #6 on: January 31, 2026, 02:57:24 pm »
Quote
The problem with Socialism is that sooner or later you run out of other people's money.
Margaret Thatcher
Logged
How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis

Offline Hoodat

  • Hero Member
  • *****
  • Posts: 38,123
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #7 on: January 31, 2026, 03:00:02 pm »
Tax the rich.  Feed the poor.
Until there are no rich no more.
Logged
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Online mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 413,630
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #8 on: February 17, 2026, 04:08:46 pm »
Logged
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34

Smokin Joe: Stupid people vote. If you have enough of them, you don’t need to steal an election

Online mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 413,630
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #9 on: February 17, 2026, 04:10:14 pm »
Logged
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34

Smokin Joe: Stupid people vote. If you have enough of them, you don’t need to steal an election

Online mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 413,630
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #10 on: February 17, 2026, 04:20:42 pm »
Logged
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34

Smokin Joe: Stupid people vote. If you have enough of them, you don’t need to steal an election

Online Fishrrman

  • Hero Member
  • *****
  • Posts: 16,338
  • Gender: Male
  • Dumbest member of the forum
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #11 on: February 17, 2026, 05:20:42 pm »
Hochul, being nothing more than another female party apparatchik, will knuckle under to zombie-mammie's demands. She has no idea how to fight back against a muslim male -- who probably has no respect for her as governor in any case.
Logged

Offline Hoodat

  • Hero Member
  • *****
  • Posts: 38,123
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #12 on: February 17, 2026, 05:25:20 pm »
Dude’s been in office a month, and he’s already run out of other people’s money.
Logged
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Online DB

  • Hero Member
  • *****
  • Posts: 11,394
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #13 on: February 17, 2026, 07:10:54 pm »
At least most of us can watch the oncoming dumpster fire from a distance...
Logged
Those who can be made to believe absurdities can be made to commit atrocities. --Voltaire

Offline Hoodat

  • Hero Member
  • *****
  • Posts: 38,123
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #14 on: February 17, 2026, 07:18:12 pm »
Logged
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Offline Smokin Joe

  • Hero Member
  • *****
  • Posts: 66,098
  • I was a "conspiracy theorist". Now I'm just right.
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #15 on: February 17, 2026, 09:10:03 pm »
Quote from: Hoodat on February 17, 2026, 05:25:20 pm
Dude’s been in office a month, and he’s already run out of other people’s money.
Raiding retiree benefit funds?

That won't work well for the underlings.
Logged
How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis

Online IsailedawayfromFR

  • Hero Member
  • *****
  • Posts: 15,422
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #16 on: February 17, 2026, 09:54:12 pm »
Quote from: Kamaji on January 29, 2026, 10:51:47 am
Yup.  But those of us who just work in NYC but live outside it won’t get hit with this tax.  NYC is not allowed to tax commuters!
Is that true?

I worked in NY state and lived in CT and had to pay NY state taxes for the earnings I made in the state.
Logged
“You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.” Thomas Sowell

Online DB

  • Hero Member
  • *****
  • Posts: 11,394
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #17 on: February 17, 2026, 11:24:22 pm »
Quote from: IsailedawayfromFR on February 17, 2026, 09:54:12 pm
Is that true?

I worked in NY state and lived in CT and had to pay NY state taxes for the earnings I made in the state.

NY city can't tax someone commuting to work from within NY state but living outside the city.
Logged
Those who can be made to believe absurdities can be made to commit atrocities. --Voltaire

Online IsailedawayfromFR

  • Hero Member
  • *****
  • Posts: 15,422
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #18 on: Today at 09:19:30 am »
Quote from: DB on February 17, 2026, 11:24:22 pm
NY city can't tax someone commuting to work from within NY state but living outside the city.
Ok, different than someone working in NY state and living in another state.

But I wonder why they can't change that to include any who work in the city?  What's preventing a change?
Logged
“You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.” Thomas Sowell

Offline mountaineer

  • Hero Member
  • *****
  • Posts: 66,488
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #19 on: Today at 09:21:10 am »
Bad Hombre
@Badhombre
NYC public school teachers voted overwhelmingly for Mamdani.
The United Federation of Teachers, representing NYC public school teachers, endorsed Mamdani, with 64% of delegates voting for him.
He’s now raiding their pension fund.
1:23 PM · Feb 18, 2026

Eta Miraklo
@Eta_Miraklo
Mayor Mamdani has ~$300 billion in NYC employee pension funds to raid for the "free buses", "govt grocery stores", "community housing", and "illegal alien welfare" over the next four years.
NYC unions who supported Mamdani, your pension funds are the "billionaires" he was talking about.
1:40 PM · Feb 18, 2026
Logged

Online DB

  • Hero Member
  • *****
  • Posts: 11,394
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #20 on: Today at 09:23:39 am »
Quote from: IsailedawayfromFR on Today at 09:19:30 am
Ok, different than someone working in NY state and living in another state.

But I wonder why they can't change that to include any who work in the city?  What's preventing a change?

Probably because income taxes at the state level are on the state's tax forms/laws and the city has no authority to carve out city level income tax on those state level forms.
Logged
Those who can be made to believe absurdities can be made to commit atrocities. --Voltaire

Online IsailedawayfromFR

  • Hero Member
  • *****
  • Posts: 15,422
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #21 on: Today at 01:50:59 pm »
Quote from: DB on Today at 09:23:39 am
Probably because income taxes at the state level are on the state's tax forms/laws and the city has no authority to carve out city level income tax on those state level forms.
I looked this up and don't know if this is legit but it does not agree with your statement that a NYC non-resident does not have to pay NYC income taxes while working in the city.

In fact, it declares if your office is in NYC, you must pay NYC income tax even if you live outside NYC and work out of your home.

https://legalclarity.org/do-you-pay-nyc-taxes-if-you-live-outside-the-city/
Logged
“You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.” Thomas Sowell

Online DB

  • Hero Member
  • *****
  • Posts: 11,394
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #22 on: Today at 02:10:55 pm »
Quote from: IsailedawayfromFR on Today at 01:50:59 pm
I looked this up and don't know if this is legit but it does not agree with your statement that a NYC non-resident does not have to pay NYC income taxes while working in the city.

In fact, it declares if your office is in NYC, you must pay NYC income tax even if you live outside NYC and work out of your home.

https://legalclarity.org/do-you-pay-nyc-taxes-if-you-live-outside-the-city/

I stand corrected.
Logged
Those who can be made to believe absurdities can be made to commit atrocities. --Voltaire

Offline libertybele

  • Cat Mod
  • *****
  • Posts: 67,889
  • Gender: Female
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #23 on: Today at 02:17:25 pm »
Those that can will move out and companies that can will fold up shop and find somewhere else to do business. NYC will become desolate, and left with people who are solely reliant on freebies.

It's a shame.  So much history in NYC and NY used to be a really beautiful state; especially up state NY.
Logged
Live in  harmony with one another; do not be haughty, but associate with the lowly, do not claim to be wiser than you are.  Do not repay anyone evil for evil, but take thought for what is noble in the sight of all.  If it is possible, so far as it depends on you, live peaceably with all.

Romans 12:16-18

Online MeganC

  • Hero Member
  • *****
  • Posts: 3,670
  • Gender: Female
  • RUSSIA MUST BE DESTROYED!!!
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #24 on: Today at 02:23:29 pm »
Different sources have different takes but what I've seen so far is:

1. NYC property taxes will rise by 9.5% over last year.
2. NYC property taxes will rise to 9.5%
3. Current NYC property tax rates of x% will rise an additional 9.5%
Logged
When the symbol of anti-government resistance is your national flag then your government is the enemy of your nation.

Online IsailedawayfromFR

  • Hero Member
  • *****
  • Posts: 15,422
Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #25 on: Today at 03:27:59 pm »
Quote from: libertybele on Today at 02:17:25 pm
Those that can will move out and companies that can will fold up shop and find somewhere else to do business. NYC will become desolate, and left with people who are solely reliant on freebies.

It's a shame.  So much history in NYC and NY used to be a really beautiful state; especially up state NY.
Texas Stock Exchange, there she grows.

New Yorkers should have figured this out when native New Yorker billionaire DT left the state years ago.
« Last Edit: Today at 03:29:59 pm by IsailedawayfromFR »
Logged
“You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.” Thomas Sowell
Pages: [1]   Go Up
« previous next »