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Posted on 04/16/2026 5:27:29 PM PDT by Libloather
New York, New York — if you can make it here . . . we don’t want you.
Gov. Kathy Hochul used Tax Day to announce a new fee targeting wealthy people who still linger in the city after moving their primary residences to other states.
The tax, called pied-à-terre (or “foot on the ground”) is designed to hit people who still maintain high-value properties in the city. It is a remarkably moronic effort to ensure that wealthy people cut all ties with the city.
Mayor Zohran Mamdani, a socialist who supports the “decommodification” of private property, is seeking major tax increases, including a 10% property tax, to fund his pledges for free buses, city-run stores and other policies.
The new measure, which would raise an estimated $500 million for the state, would add a fee to existing taxes for owners of high-value properties worth more than $5 million.
The pied-à-terre tax is just one of the tax increases being pushed in blue states from Washington and Virginia to get every last cent from wealthy residents before they flee.
Or even if they do flee. California and other states are pursuing retroactive wealth taxes and so-called “Teddy Bear laws” that refuse to recognize changes of residency.
New York has used its regulations to declare that people who fled to other states are still residents subject to taxation because of the location of their sentimental attachments in New York (like a Teddy bear) from pets to children.
In my new book, “Rage and the Republic,” I discuss these taxes and how they are the final stage of economic atrophy for states like New York.
(Excerpt) Read more at nypost.com ...
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So... after decades of voting Democrat,
have any of those people learned what
a Tax-and-Spend-Democrat is all about?
DUH 🙄🙄🙄
🍿🍿🍿🍿🍿🍿🍿
The new measure, which would raise an estimated $500 million for the state, would add a fee to existing taxes for owners of high-value properties worth more than $5 million.
Of course the best part is this will lower the values of these homes, the homeowners will grieve their taxes then get lower assessments generating less revenue for towns and counties!!!
Every one of these NY slimes is a phantom of ‘Wesley Mouch’. Corrupt, evil, haters of the good, the prosperous, the industrious, the men of the mind. They are leeches, diseased parasitic ticks. Time to starve them and crash their world, permanently.
Liberal extermination is the only hope... Something 10 times worse then aids or COVID. It has to be fast but painful as hell
Democrats are idiots, but not as big idiots as those who vote them into office.
Any state that does that is both seceding and acting like the USSR.
It only has to be as quick as possible.
When they were buying pieces of the Berlin Wall, it wasn’t for museums and memorials. If you don’t get out now, you’ll need Snake Plissken to get you out.
I don’t have a problem with this proposal at all. It’s termite behavior. These rich leftists vote to eat away at the foundation then leave right before it collapses. They deserve to lose every penny.
“An exit fee to leave the state?”
When we left CA in 2010, they were kicking around the Exodus Tax for high earners who left the state. We couldn’t pack fast enough and head for TN.
We sold our cookie cutter house in a boring subdivision there for $650K. In TN we bought a 5,000 sq.ft. house on 2.5 acres on the river for $350K.
Nicer people here, too.
California has been doing this for a while.
“to ensure that wealthy people cut all ties with the city” is equal to a financial death spiral
FAFO Democratic controlled states.
Why are they called "Teddy Bear laws?"
Regards,
Mamdami must have heard about the Reichsfluchtsteuer and thought, "Hey, that's a good idea!"
Regards,
Evidently it refers to a tax audit. Lets say you move to Florida for 7 months out of the year. NY might come back and say you didn't really move because all your stuff is still in NY.
Any Lawyers here?
Pro sportsball players have to pay taxes to the State where they play their sport.
Example, Knicks versus the Lakers. When the Knicks play in LA, the player remits income tax to California.
Do the Knicks players now have to remit moar tax to NY State??
Let's say a Knicks star lives in NJ and also has a second home in NYC, he would likely pay the property tax surcharge if it goes through..
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