Two months ago, the hedge fund magnate Kenneth C. Griffin paid a record-breaking 8 million for a penthouse on Central Park South, and it wasn’t even what most people would call home. Mr. Griffin is from Chicago, where he can put his feet up in a penthouse he bought for million, or in one of the rooms on two floors he bought for million in a hotel there. He also has a million Miami condominium and a 2 million London mansion.
The New York City comptroller, Scott Stringer, estimates about 5,400 properties in the city are worth more than million and are not the owner’s primary residence. Some, like Mr. Griffin’s pad, are luxurious pieds-à-terre for out-of-towners. Many others were bought by shell companies that don’t reveal their true owners, meant to allow overseas tycoons to stash money out of sight.
At a time of soaring inequality and towering infrastructure needs, taxing these gleaming penthouses is an enticing idea. The logic is straightforward: It is one way in which New Yorkers can benefit from the desire of other people to visit the city that New Yorkers own and operate.
New York certainly needs the money.
There’s the added benefit that so-called pied-à-terre taxes are politically palatable. Sending a higher tax bill to wealthy homeowners who don’t live, pay taxes or vote in New York will be far more popular with lawmakers than broader assessments on wealthier residents, such as raising income taxes on millionaires or property tax rates on all luxury homes. Democrats, having won full control of the state government in November’s elections, are seriously considering a pied-à-terre tax in this year’s budget.
The proposal, which could be revised, would allow New York City to impose an additional tax on homes that are not an owner’s primary residence and are worth more than million. These properties would be taxed on an ascending scale, from 0.5 percent on a market value of more than million, up to 4 percent on the values above million. Mr. Stringer estimates the tax could generate roughly 0 million in annual revenue based on current conditions.
Cities that have adopted such taxes have seen drops in prices and construction of high-end homes. New York City would almost certainly see similar results — it’s just a question of by how much. In cities that have tried it, other factors also affected prices. Still, the tax is one small way to make New York City a little fairer and raise revenue that could be used for the city’s subways, schools or affordable housing.
It’s no substitute, though, for more difficult reforms of the property tax system.
Rental apartment buildings bear a disproportionate share of the city’s tax burden while multimillion-dollar brownstones and co-ops and condos at the high end of the market get steep breaks. In 2017, for example, the owners of a 0,000 home in Elmhurst, Queens, had a ,297 tax bill — the same as a million home in Carroll Gardens, Brooklyn, according to data from the city’s Finance Department.
Home buyers who need a mortgage in New York pay a mortgage recording tax, while wealthier buyers who purchase property in cash pay none. Mr. Stringer, the comptroller, has proposed eliminating the mortgage recording tax and instead increasing the transfer taxes on high-priced properties. That would put New York in line with other cities better at capturing revenues from the super wealthy. “They’ve gotten a free ride in New York,” Mr. Stringer said.
In terms of generating a new revenue stream, when funds are urgently needed, the pied-à-terre tax is a good start.
Many governments worldwide have moved to capture a piece of soaring real estate prices through similar schemes. Paris has a tax aimed at second homes used as investment properties. So does Melbourne. In 2016, Britain imposed a 3 percent surcharge on the purchase of second homes.
While the British tax raised 1.68 billion pounds (.1 billion) from 2016 to 2017, higher taxes on home sales in general may have contributed to a slowdown in the real estate market, according to a report from the London School of Economics. It’s also widely believed that turmoil over Brexit could have weakened the market.
Housing sales around Vancouver, British Columbia, which recently adopted several new taxes on nonresident buyers and the owners of empty homes, declined by more than 30 percent in 2018, according to the Real Estate Board of Greater Vancouver. Yet that decline could also have been caused, or exacerbated, by rising interest rates. Vancouver officials said they expected one of the taxes, a 1 percent levy on vacant homes, to raise million annually.
The Real Estate Board of New York, an industry lobbying group, says the proposed tax would cripple the housing market, where luxury sales already sharply declined last year. The industry group also says the tax would bring in about half the revenue the comptroller estimates.
Concerns about the tax’s effect on the real estate market are worth considering, since the industry has provided New York with tax revenue and jobs. But the money the tax would generate, even if less than now estimated, makes it worthwhile.
With the state projecting lower income tax revenue, and the fate of an effort to legalize — and tax — marijuana in question, the pied-à-terre tax is gaining steam. Lawmakers are pushing to include the proposal, sponsored by State Senator Brad Hoylman and Assemblywoman Deborah Glick, in the state budget. Gov. Andrew Cuomo has said the revenue should go toward the Metropolitan Transportation Authority.
Wealthy people from around the world who invest in New York City real estate reap rewards on that investment because of the goods and services the city provides. Asking them to pay more is common sense.
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深圳买马庄家“【为】【了】【让】【自】【己】【成】【为】【别】【人】【眼】【中】【的】【嫌】【疑】【人】，“【佐】【木】【凝】【视】【对】【面】【女】【人】【的】【眼】【睛】，”【不】【过】【这】……【仅】【仅】【只】【是】【计】【划】【的】【初】【步】。 “【因】【为】【作】【案】【手】【法】【的】【巧】【妙】，【没】【有】【留】【下】【任】【何】【证】【据】【的】【你】，【让】【警】【方】【陷】【入】【难】【堪】【的】【境】【地】，【同】【时】【你】【父】【亲】【远】【藤】【洋】【久】【始】【终】【愿】【意】【相】【信】【你】【是】【无】【辜】【的】。 “【他】【迫】【切】【为】【你】【摆】【脱】【嫌】【疑】、【澄】【清】【事】【实】【的】【真】【相】，【或】【许】【也】【怀】【了】【别】【的】【心】【思】，【特】【意】【叫】【野】
【钮】【祜】【禄】.【傅】【森】【声】【落】，【坐】【下】【众】【将】【又】【是】【安】【静】【的】【一】【片】。 【战】【是】【肯】【定】【的】，【在】【这】【种】【情】【况】【下】【言】【退】【者】，【必】【定】【是】【脑】【子】【有】【问】【题】。【而】【且】，【退】，【还】【能】【退】【到】【哪】【里】【去】？ 【想】【这】【江】【南】【剿】【匪】【大】【营】【自】【成】【立】【以】【来】【可】【是】【被】【反】【贼】【从】【南】【京】【一】【路】【打】【退】【到】【了】【徐】【州】，【再】【退】【下】【去】【哪】【里】【是】【个】【尽】【头】？【还】【得】【退】【到】【京】【城】？ 【所】【以】，【没】【有】【人】【敢】【说】【退】，【哪】【里】【心】【里】【再】【不】【愿】【意】【也】【得】【出】【战】，【而】
【蹦】【极】，【也】【叫】【机】【索】【跳】，【白】【话】【叫】【笨】【猪】【跳】，【是】【近】【些】【年】【来】【新】【兴】【的】【一】【项】【非】【常】【刺】【激】【的】【户】【外】【休】【闲】【活】【动】。【跳】【跃】【者】【站】【在】【约】40【米】【以】【上】（【相】【当】【于】10【层】【楼】）【高】【度】【的】【桥】【梁】、【塔】【顶】、【高】【楼】、【吊】【车】【甚】【至】【热】【气】【球】【上】，【把】【一】【端】【固】【定】【的】【一】【根】【长】【长】【的】【橡】【皮】【条】【绑】【在】【踝】【关】【节】【处】【然】【后】【两】【臂】【伸】【开】，【双】【腿】【并】【拢】，【头】【朝】【下】【跳】【下】【去】。【绑】【在】【跳】【跃】【者】【踝】【部】【的】【橡】【皮】【条】【很】【长】，【足】【以】【使】【跳】【跃】【者】【在】【空】【中】【享】【受】【几】【秒】【钟】【的】“【自】【由】【落】【体】”。【当】【人】【体】【落】【到】【离】【地】【面】【一】【定】【距】【离】【时】，【橡】【皮】【绳】【被】【拉】【开】、【绷】【紧】、【阻】【止】【人】【体】【继】【续】【下】【落】，【当】【到】【达】【最】【低】【点】【时】【橡】【皮】【再】【次】【弹】【起】，【人】【被】【拉】【起】，【随】【后】，【又】【落】【下】，【这】【样】【反】【复】【多】【次】【直】【到】【橡】【皮】【绳】【的】【弹】【性】【消】【失】【为】【止】，【这】【就】【是】【蹦】【极】【的】【全】【过】【程】。深圳买马庄家【罗】【昊】【眼】【神】【幽】【怨】【的】【看】【了】【眼】【司】【徒】【空】。 【真】【的】，【如】【果】【不】【是】【大】【家】【十】【几】【年】【的】【过】【命】【交】【情】，【如】【果】【不】【是】【因】【为】【司】【徒】【空】【是】【自】【己】【一】【手】【带】【进】【龙】【隐】【部】【队】【的】，【罗】【昊】【真】【的】【想】【要】【大】【喊】【一】【句】，“【有】【内】【鬼】，【终】【止】【交】【易】”！ 【司】【徒】【空】【也】【是】【满】【脸】【无】【辜】。 【刚】【才】【自】【己】【真】【的】【只】【是】【想】【要】【调】【侃】【一】【下】【叶】【萧】，【可】【是】【没】【想】【到】【叶】【萧】【会】【有】【这】【样】【的】【回】【答】，【完】【全】【不】【按】【套】【路】【出】【牌】，【自】【己】【这】【辈】
“【你】【这】【种】【心】【思】【恶】【毒】【的】【家】【伙】，【留】【你】【不】【得】，【今】【天】【我】【就】【将】【你】【就】【地】【诛】【杀】。” 【听】【着】【这】【话】，【张】【维】【海】【终】【于】【确】【定】【了】，【这】【特】【么】【就】【是】【一】【个】【精】【神】【分】【裂】【的】【神】【经】【病】【啊】。 【这】【已】【经】【石】【锤】【的】【不】【能】【再】【石】【锤】【了】。 【没】【看】【到】【对】【方】【说】【这】【番】【话】【的】【时】【候】，【还】【在】【疯】【狂】【的】【对】【他】【打】【眼】【色】【吗】？ 【李】【秦】【朝】【自】【然】【也】【明】【白】【自】【己】【此】【时】【的】【状】【态】，【可】【能】【会】【让】【别】【人】【觉】【得】【自】【己】【是】【个】【神】【经】【病】
“【不】【能】【留】【下】【来】？” “【为】【何】？” 【凶】【兽】【都】【已】【经】【没】【了】，【为】【何】【不】【能】【留】【下】【来】？ “【你】【们】【没】【有】【感】【觉】【到】【吗】？”【蓝】【问】。 “【感】【受】【到】【什】【么】？” “【两】【只】【凶】【兽】【的】【出】【现】，【影】【响】【了】【这】【个】【世】【界】【的】【天】【道】，【崩】【坏】【了】【这】【里】【的】【根】【基】，【这】【里】【已】【经】【不】【适】【合】【修】【士】【呆】【了】。” 【没】【有】【天】【道】，【没】【有】【修】【炼】【的】【根】【基】，【这】【以】【后】【就】【只】【是】【一】【个】【凡】【人】【世】【界】【了】。 “【若】【是】
【了】。 “5【千】” “5【千】？【怎】【么】【可】【能】……【我】【没】【有】【那】【么】【多】”。 “【没】【有】？【小】【子】【找】【死】【是】【吧】！” 【失】【去】【耐】【心】【的】【壮】【汉】【举】【起】【拳】【头】，【往】【少】【年】【的】【脸】【上】【飞】【去】！ “【呀】！” 【随】【着】【少】【年】【的】【一】【惨】【声】【叫】，【扑】【通】【一】【下】【就】【倒】【在】【地】【上】【了】，【藏】【在】【怀】【里】【装】【有】【福】【利】【院】【给】【的】【创】【业】【基】【金】【的】【信】【封】【也】【跟】【着】【掉】【了】【出】【来】。 【壮】【汉】【瞄】【了】【一】【眼】【那】【个】【信】【封】，【然】【后】【走】【过】