NYC taxes, was: Toll Hikes, Fare Hikes, War Hikes 2041

On Mon, 14 Mar 2005 23:22:46 +0000 (UTC), danny burstein

I see your point in that as long as they pay income taxes, there's no real reason to compel them to living here.

More than likely, it's because those are the two jobs where the largest number of people are required, outside of teachers.

So does everybody else. Your primary tax burden is ALWAYS to the state and city who employ you. The taxes, if any, owed to your resident state and city are credited back to you on your home state's tax returns.

See above. You don't end up getting taxed twice. When I worked in CT, I filled out my tax returns as normal, paid the non-resident rate, and then deducted that tax off my state and city return. It was not a case of total double taxation.

Supply-demand economics don't really apply fully in NYC because of our rent regulations. Yes, it's true that you can put up any building you want right now and charge anything you want for it. But there's a limited amount of land available and only certain areas that are suitable for development. The market here is managed like nowhere else to keep supply tight because it's good for landlords.

They don't rely on cops and firemen? News to me.

Believe me, people like The Donald aren't making money off NYC resident employees.

You'd be surprised how much minimal support they require. I have repped a number of commercial real estate buildings in the city, and it's not at all common to have incidents ranging from dissolutions to medical emergencies. You don't hear about them because our news in NYC is incredibly bad. They'd rather give you gossip and junk going on in the region than tell you what happens in NYC.

I'd wager home ownership is actually higher among the largest groups of municipal employees than it is the populace as a whole, so I'm not sure you can make that argument. City cops and firemen, along with garbage collectors, make a lot more money than other people without specialized degrees will pull down in the free market here. Queens has scads of homes for firemen and cops who work throughout the boroughs.

Those resident employees actually probably make a bigger economic contribution than the average renting NY'er.

Considering there are tens of thousands of housing project units, I'd wager that issue is far greater than the one you're discussing. It was a disastrous attempt by a group of ideologues to level the playing field. Instead, it created something few really want.