82 online
 
Most Popular Choices
Share on Facebook 30 Printer Friendly Page More Sharing
General News   

Why Billionaires Don't Pay Property Taxes in New York

Quicklink Submitted By   No comments, 2 series
Follow Me on Twitter     Message Scott Baker
Become a Fan
  (79 fans)

Copyrighted Image? DMCA
"It's the extreme end game of a tax code that shifts the burden from owners to renters, and from the wealthy to the poor."
One of the best articles I've read on how the property tax exemptions shift wealth from the poor and middle class to the wealthy. The city is losing billions per year, and the law may prevent them from doing anything about it, even while the corrupt lawmakers are hauled off to jail.
The decades-old byzantine property class system compounds the inequity and turns Manhattan in a nearly tax-free Plutocrat's playground.
Read the rest of the story HERE:

At www.citylab.com
Rate It | View Ratings

Scott Baker Social Media Pages: Facebook Page       Twitter Page       Linked In Page       Instagram Page

Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines

 
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
Name
Email
   (Opens new browser window)
 

To View Comments or Join the Conversation:

Tell A Friend