The Hidden Tax Bleeding New York Renters Dry
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  • Andrew Allison

    Bros, we needs to do better copy-editing.

    • Nick M.

      Another intern shall be flogged for this.

  • Many places have these sorts of taxes; Hawaii also has an explicit “rent tax”, which is supposedly paid by the landlord, but amounts to a sort of sales tax on rent as rents naturally go up by the amount of the tax.

    A surprisingly large number of people, especially on the left, think these taxes “soak the rich”, without realizing that they actually “soak the poor” as they are simply passed through. (Or they soak the public as Section 8 rent money is used to pay these taxes; rent taxes on Section 8 properties are a way for local governments to get at federal housing money.)

    • Corlyss

      ” think these taxes “soak the rich”, without realizing that they actually “soak the poor” ‘
      That’s because we don’t teach economics or history k-12 in this country. We teach ’em about Heather’s two mommies, and how by joining hands and wishing real hard they can save Mother Gaia from evil profit making activities, and how America is blessed with great bounty that it should give away immediately in the name of social justice.

      • Andrew Allison

        I couldn’t agree more! The fact that most graduates (of high school and college) are economically illiterate is just one more example of the failure of our so-called “education” system.

  • David Bennett

    In some cities the landlord would absorb the property tax…….?!!?!?!?!!!? Huh?

  • bannedforselfcensorship

    I would like the concept of transparent, simple taxes to be adopted. Then you could also more easily score programs…for example if we only had a simple flat tax, then any new program could be priced out for the taxpayer to know truly how much it costs. I call this concept Political Unit Pricing, like unit pricing at the grocery store. It would never be adopted because politicians prefer to hide costs and distribute the goodies and hand out tax breaks.

  • Boritz

    ***use that data to replace the current convoluted system with one that transparently shows people what they are paying***

    Here is where transparency backfires:
    The real-honest-to-science-cost (say the greens) of your electricity is actually six times what you are charged in terms of the impact on carbon emissions and global warming. You should actually be paying much much more for every kilowatthour (and are very likely to do so in the near future) in order to attempt to recover the true cost of generating electricity. This would appear on your bill as an ‘environmental impact’ assessment. It would bite hard, but at last we would have transparency if only from a certain point of view.
    Incidentally, since the poor couldn’t afford to pay this there would be an additional ‘economic assistance’ item on the same bill that would represent transfers from the more fortunate to those in need of assistance.

  • Jim__L

    So what percentage of NYC’s budget is based on this quirk?

    It would seem to me that $1000 a month here, $1500 a month there adds up to real money pretty quick.

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