New York Passes Tax on the Ultra-Wealthy

Re:New York Passes Tax on the Ultra-Wealthy by thomasjeff1 on Thursday May 28, 2026 @12:42PM (#48311525)

Why tax the middle class within $1m-$5m. The tax should only apply to upwards of $10m. This is wrong.

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Re:New York Passes Tax on the Ultra-Wealthy by swiftcoder on Thursday May 28, 2026 @12:45PM (#48311561)

How many middle class folks do you know who own two homes, the unoccupied one of which is a NYC property worth >$1 million?

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Re:New York Passes Tax on the Ultra-Wealthy by jlamberts on Thursday May 28, 2026 @12:55PM (#48311770)

I'd agree with you if this applied to primary residences, but it seems like this only applies to secondary residences? I find it hard to reconcile "middle class" with "has a second home in NYC"

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Re:New York Passes Tax on the Ultra-Wealthy by rbtprograms on Thursday May 28, 2026 @12:45PM (#48311565)

the amount of people who are middle class with a second home is rare. if you can afford another dwelling, you can pay more tax on it. lets not be this disconnected.

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Re:New York Passes Tax on the Ultra-Wealthy by henry2023 on Thursday May 28, 2026 @01:06PM (#48312004)

It’s a pretty moderate tax on second homes and it makes the city cash flow healthier. I don’t understand what’s controversial about this.

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Re:New York Passes Tax on the Ultra-Wealthy by mjamesaustin on Thursday May 28, 2026 @12:46PM (#48311595)

The middle class doesn't own second homes. This tax does not apply to primary homes.

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Re:New York Passes Tax on the Ultra-Wealthy by jdappletini on Thursday May 28, 2026 @01:50PM (#48312717)

It's not on the primary residence. Relax.

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