Anonymous
04/17/2026 15:32
Subject: Non resident luxury tax on $5M + properties.
Anonymous wrote:I can actually see why the tax might make sense but Mamdani was dumb going after Ken Griffin to appease "tax the rich" crown. He didn't bother to check Griffin's charitable activity in NYC. Over past few years Griffin donated:
- $400mm to Sloan Kettering cancer center
- $40mm to Museum of Natural History
- $12mm to NYC Hospital for Special Surgery
- $25mm to NYC success academy charter schools
Additional tax on Griffin's penthouse will be a drop in the ocean in comparison to these numbers. If Griffin decides to reduce his donations, NYC will be worse off.
Those donations obviously benefited him or he wouldn’t have made them.
He can afford a modest extra tax
Anonymous
04/16/2026 21:37
Subject: Non resident luxury tax on $5M + properties.
I can actually see why the tax might make sense but Mamdani was dumb going after Ken Griffin to appease "tax the rich" crown. He didn't bother to check Griffin's charitable activity in NYC. Over past few years Griffin donated:
- $400mm to Sloan Kettering cancer center
- $40mm to Museum of Natural History
- $12mm to NYC Hospital for Special Surgery
- $25mm to NYC success academy charter schools
Additional tax on Griffin's penthouse will be a drop in the ocean in comparison to these numbers. If Griffin decides to reduce his donations, NYC will be worse off.
- $400mm to Sloan Kettering cancer center
- $40mm to Museum of Natural History
- $12mm to NYC Hospital for Special Surgery
- $25mm to NYC success academy charter schools
Additional tax on Griffin's penthouse will be a drop in the ocean in comparison to these numbers. If Griffin decides to reduce his donations, NYC will be worse off.
Anonymous
04/16/2026 21:36
Subject: Non resident luxury tax on $5M + properties.
Anonymous wrote:There are pied-a-terres in Maryland??
It would be hard to find a $5m pied-a-terre in MD. And I can't imagine wealthy people wanting a $5m mansion in MD for occasional use.
Anonymous
04/16/2026 21:33
Subject: Non resident luxury tax on $5M + properties.
Anonymous wrote:Because people hate ultra rich parasite people
The poor are the parasites.
Anonymous
04/16/2026 21:25
Subject: Non resident luxury tax on $5M + properties.
Anonymous wrote:Anonymous wrote:Anonymous wrote:I am not even sure how they can enforce this. There so many ways to avoid classifying the property as a second home.
I have not followed this closely, but I suspect anyone who does not pay NY city taxes (income taxes) but owns a property over $5 mil would be subject to this new tax.
There is a lot of gamesmanship that can be had. For example, if you place in LLC or Trust and rent the property to yourself, rent the property to your child, etc.. It would no longer be considered a second home.
Right but perhaps if the property was purchased for $5M or more and is not linked to a tax paying resident, the property will be subject to additional taxes. That would be the better way of doing it and avoid the trust or LLC issue.
Anonymous
04/16/2026 21:13
Subject: Non resident luxury tax on $5M + properties.
Anonymous wrote:Anonymous wrote:I am not even sure how they can enforce this. There so many ways to avoid classifying the property as a second home.
I have not followed this closely, but I suspect anyone who does not pay NY city taxes (income taxes) but owns a property over $5 mil would be subject to this new tax.
There is a lot of gamesmanship that can be had. For example, if you place in LLC or Trust and rent the property to yourself, rent the property to your child, etc.. It would no longer be considered a second home.
Anonymous
04/16/2026 20:51
Subject: Non resident luxury tax on $5M + properties.
Anonymous wrote:I am not even sure how they can enforce this. There so many ways to avoid classifying the property as a second home.
I have not followed this closely, but I suspect anyone who does not pay NY city taxes (income taxes) but owns a property over $5 mil would be subject to this new tax.
Anonymous
04/16/2026 19:40
Subject: Non resident luxury tax on $5M + properties.
I am not even sure how they can enforce this. There so many ways to avoid classifying the property as a second home.
Anonymous
04/16/2026 19:09
Subject: Non resident luxury tax on $5M + properties.
The same parasite people who pay like $8k a month in property taxes and/or common charges to either the city or the building staff despite not using any city resources for most of the year?
Anonymous
04/16/2026 17:55
Subject: Non resident luxury tax on $5M + properties.
Because people hate ultra rich parasite people
Anonymous
04/16/2026 17:54
Subject: Non resident luxury tax on $5M + properties.
There are pied-a-terres in Maryland??
Anonymous
04/16/2026 16:38
Subject: Non resident luxury tax on $5M + properties.
Because some dips**t posted it in the real estate form, and suggested that Maryland would institute the same policy soon.
Anonymous
04/16/2026 16:36
Subject: Non resident luxury tax on $5M + properties.
Because it affects non-residents, who don't live in NYC by definition.
Anonymous
04/16/2026 16:26
Subject: Non resident luxury tax on $5M + properties.
Anonymous wrote:Why are people who don’t live in NY weighing in on this?
Because they own a 5mm+ pied a terre
Anonymous
04/16/2026 14:58
Subject: Non resident luxury tax on $5M + properties.
Why are people who don’t live in NY weighing in on this?