This would come on top of a recently increased “mansion” tax on the sale of properties over $2 million and a proposed stock-sale transfer tax that would decimate Wall Street. In other words: Soak the rich to cover deficits that are the fault of his administration’s reckless mismanagement. Cuomo, after rejecting higher taxes last year, declared last month he now wants to raise state taxes on New Yorkers who earn above $5 million a year from 8.82 percent to 10.86 percent to achieve a combined state-city income tax of 14.7 percent, “the highest income tax in the nation” he said proudly. Our pandering pols don’t appreciate that a relative handful of $1 million-plus annual earners - some 37,800 in a city of 8.3 million - already pay 43 percent of the city’s income taxes. Getty Images (2) Alamyīut today they’re seen as chopped liver in City Hall and in Albany, where political hacks are dissing them - and the middle class as well. ![]() Real estate mogul John Catsimatidis (left) and the NY Stock Exchange have threatened to take their headquarters out of NYC and move to more tax-friendly states. They helped save us from bankruptcy in the 1970s and lift us out of the depths after 9/11. If ever the city needed the one percenters in finance, real estate and philanthropy to carry the football for us, it’s now more than ever. Love goes only so far when you’re betrayed by the place where you’ve invested much of your life and your fortune.Ĭonsider now the pandemic-battered Big Apple - reeling from wretched political “leadership,” lawless subway platforms, uncollected trash, unchecked homelessness, chaotic schools, and struggling businesses and cultural institutions. He went to the Buccaneers and never looked back, winning his seventh Super Bowl last Sunday.Īll of which goes to prove: Loyalty to one’s home city isn’t sacrosanct. The team refused to offer Brady a long-term contract last year, forcing the GOAT to accept a one-year deal at age 42 - or find another home. Coach Bill Belichick rewarded the star quarterback by trying to trade him until he was overruled by owner Robert Kraft. He accepted smaller contracts than others of his caliber. That’s what the folks in Boston thought about Tom Brady.īut, after six Super Bowl wins with the Patriots, Brady felt taken for granted. It’s assumed that Gotham’s blood runs in the veins of our movers and shakers who’d never turn their backs on us. There’s a lesson to be drawn here.įaith in the Big Apple’s future is rooted in the belief that our most productive and talented class won’t ever abandon the city. Supermarket and real-estate mogul John Catsimatidis, a New Yorker for most of his 72 years, recently told The Post he’ll build in Miami if City Hall blocks his Coney Island expansion plans. ![]() Tom Brady won the Super Bowl for the Tampa Bay Buccaneers after 20 years in New England. Why office landlords and developers are partnering with NYC's top chefs ![]() London is putting New York to shame as the city that dreams big Park Avenue office tower's $120 million upgrade helps land new leases Zeldin - or lawsuits - could derail controversial Penn Station area redevelopment Surprise! Midtown East has one of NYC's best new restaurants
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