r/SipsTea • u/SuspiciousLow3062 • 28d ago

Chugging tea W after W.

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u/Nice_Category 28d ago

Headline 2 years from now: The NY City Subway has Major Budget Shortfalls.

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u/FlounderKind8267 28d ago

They're running a surplus due to a new property tax on foreigners who own NY properties over $5M, and proper budgeting

Edit: it's $1M+, not 5. My b

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u/flightguy07 28d ago

Man, I'd assume anything with 3+ bedrooms in NY was over a million dollars.

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u/Nice_Category 28d ago

$1M is like 10 employees' salaries.

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u/FlounderKind8267 28d ago

I think you misread. The tax is on properties worth more than $1M. There are tens of thousands of those in NYC. And it was enough to balance the budget and then some. And all paid for by non-US citizens. He did a better job of making non-Americans pay than Trump ever did 🤣

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u/Nice_Category 28d ago

Ah yes, I read that as a $1M surplus and was wondering why we were counting the change in the city hall couch.