Cuomo calls on wealthy to return to New York City: 'You got to come back!'
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Source: The Hill
New York Gov. Andrew Cuomo (D) is calling on the wealthy to return to New York City from their weekend homes in the surrounding suburbs, fearing they may choose to stay and file taxes there.
I literally talk to people all day long who are now in their Hamptons house who also lived here, or in their Hudson Valley house or in their Connecticut weekend house, and I say, You got to come back, when are you coming back? Cuomo said at a press conference Monday.
"'We'll go to dinner, I'll buy you a drink, come over, Ill cook,' Cuomo added in jest.
His comments come as state legislators and some New York lawmakers in Washington have called for him to adopt a billionaires tax, which he has vehemently rejected.
Read more: https://thehill.com/homenews/state-watch/510829-cuomo-calls-on-wealthy-to-return-to-new-york-city-you-got-to-come-back
NCDem47
(2,248 posts)Very unbecoming.
not_the_one
(2,227 posts)Cuomo is willing to do and say what needs to be done/said, to save the city.
His "personal integrity" can take a back seat, and he is aware of that. THAT shows a leader.
I want to, once again, be able to go see a broadway show. I ain't rich, but the core of broadway enthusiasts ARE. THEY pay the taxes that help keep the city going.
I ain't proud. PLEASE COME BACK!!! (I now say from afar - 2 hrs away, but I lived in Manhattan for 18 years. I will always consider myself a New Yorker.)
moonscape
(4,673 posts)gets in your bones and part of me even will always be a New Yorker
For the first 10 years I lived in CA friends would tease me because I would continually claim I was 'just visiting' from New York.
lunatica
(53,410 posts)Needy is Trump groveling to Putin to be just like his daddy and bail him out.
OneCrazyDiamond
(2,031 posts)"According to Cuomo, the richest 1 percent of the population already pays 50 percent of the taxes in the city."
Yeah but at what tax rate? We need to raise the taxes the wealthy after 45s give away. New York had to adjust to the way the Feds calculate deductions now. It was a big hit to blue states.
MichMan
(11,870 posts)If 50 % isn't enough?
I'm not sure what the proper amount is, but Cuomo is probably right. Companies and employees have figured out that they were just as productive working remotely, so working in Manhattan with sky high rents and the burden of city taxes is no longer certain. Not to mention avoiding long commutes thete from home etc.
OneCrazyDiamond
(2,031 posts)Insure they pay the same effective tax rate as before RayGun took office. This random website has it at about 35% for 1%ers, and 42 for .1%ers
https://www.taxpolicycenter.org/taxvox/effective-income-tax-rates-have-fallen-top-one-percent-world-war-ii
MichMan
(11,870 posts)You can't mean 42% City Tax and 42% Federal tax plus State income taxes too.
OneCrazyDiamond
(2,031 posts)New york Lowered taxes on people to offset the increase in Fed taxes do to lowering deductibles on state taxes. That action, for me, ties the 2 together. Biden has already said he will roll back the tax give away the pukes did, so it will work out eventually.
You can't mean that the wealthy pay more than their fare share in taxes. I don't hear that a lot around here.
George II
(67,782 posts)Lucky Luciano
(11,248 posts)SledDriver
(2,057 posts)The wealthy paying taxes? Good one.
applegrove
(118,501 posts)Alert: doesn't meet level of important news of national interest
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