De Blasio warns of New York City's multibillion-dollar deficit amid coronavirus, pleads for aid

  
Via:  Nerm_L  •  4 months ago  •  61 comments

By:   Brooke Singman (Fox News)

De Blasio warns of New York City's multibillion-dollar deficit amid coronavirus, pleads for aid
New York City Mayor Bill de Blasio on Wednesday warned that the city faces a multibillion-dollar deficit amid the coronavirus pandemic, while pleading for federal and state assistance.

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What did Bill de Blasio think would happen when he imposed restrictions?  

Knee jerk politics only created an illusion of proactive, responsible government to score political points.  New York's response to the COVID-19 outbreak wasn't planned.  de Blasio only did what was quick, easy, and politically expedient.  

Now that the consequences of the ill considered knee jerk response is biting New York's backside, de Blasio wants the country to bail out his knee jerk incompetence.  Bill de Blasio wants to blame the virus, blame Trump, blame anybody but himself.  Mayor Bill de Blasio is responsible for his knee jerk response and Bill de Blasio is responsible for the consequences.  


S E E D E D   C O N T E N T


New York City Mayor Bill de Blasio discusses why the state needs over $7 billion in the coronavirus stimulus package on 'Sunday Morning Futures.'

New York City Mayor Bill de Blasio on Wednesday warned that the city faces a multibillion-dollar deficit amid the coronavirus pandemic, while pleading for federal and state assistance.

New York City previously estimated $7.4 billion in lost revenue due to the coronavirus crisis, but on Wednesday, de Blasio warned that the city is projecting a shortfall of nearly $9 billion— possibly more—over the next two fiscal years.

"We are now $9 billion in the hole between the current fiscal year and the one that begins July 1," de Blasio said.

"We have lost billions upon billions of dollars of revenue that we use to serve our people," de Blasio explained. "It's gone. It's not coming back."

He added: "The only way to possibly keep this city functioning and keep the services provided, keep people on our payroll, is if we get a really substantial stimulus program from Washington."

De Blasio noted that "we don't know when that's going to be right now. They have not scheduled to vote in the Senate. We don't know what it's going to look like. And meanwhile, we have a budget due on June 30 by law."

"This week I asked the state of New York for help. I asked the state of New York to give us a fallback, give us a safety net," de Blasio said. "It's something we need as a last resort if our federal government isn't there for us, if we're going to maintain basic services here in the city."

De Blasio said any possible cuts made by the city would affect "all agencies." It's unclear whether the city might consider tax measures as well.

"There is literally no way that we can solve this problem without federal help or without having to make very, very painful choices that will affect the quality of life in this city, our ability to provide basic services and how many people we're able to employ to support you in the middle of a pandemic," he added.

De Blasio's latest plea is the latest example of local and state governments warning about fiscal shortfalls as a result of coronavirus-related shutdowns and lockdowns.

Governors across the nation have also asked for federal aid, but it is unclear whether they will receive additional funds.

New York has been considered the epicenter of the coronavirus pandemic in the United States, reporting on Wednesday more than 199,000 positive cases of COVID-19 in New York City alone and more than 16,400 deaths.

While New York Gov. Andrew Cuomo has given the green light for some regions of the state to open, New York City is not there yet. De Blasio, last week, predicted the city could begin its "Phase 1" by the middle of June.

Meanwhile, last week, de Blasio claimed that the city required $7.5 billion in federal aid to get back on track after being crippled by the coronavirus pandemic. He also claimed that the money would not be going to fix past financial errors, insisting that before the pandemic, the city was doing better than ever.

"You've seen what has happened in the city in recent years. Right before this pandemic, the highest level of employment in our history, booming economy, lowest crime since the 1950s, more and more kids graduating on time in our public schools than ever in our history, you name it, this city was moving forward."

Fox News' Ronn Blitzer contributed to this report.

Brooke Singman is a Politics Reporter for Fox News. Follow her on Twitter at @BrookeSingman.


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Nerm_L
1  seeder  Nerm_L    4 months ago

All we need is another bailout and everything will be fine.  Nothing to see here; move along.

 
 
 
Greg Jones
1.1  Greg Jones  replied to  Nerm_L @1    4 months ago

Maybe he could raise taxes on tobacco and booze some more. Two years ago a pack of cigarettes cost $13 there.

 
 
 
It Is ME
2  It Is ME    4 months ago

"This week I asked the state of New York for help. I asked the state of New York to give us a fallback, give us a safety net," de Blasio said. "It's something we need as a last resort if our federal government isn't there for us, if we're going to maintain basic services here in the city."

That should go over well in the State of new York.

Will Cuomo require the citizens of the "State of New York" to Help "New York City", more than they already do ?

 
 
 
Perrie Halpern R.A.
3  Perrie Halpern R.A.    4 months ago

Nerm,

I am really sick of this. First, there are article complaining that it's all NY fault that they had so many coronavirus cases because they didn't close soon enough and the mayor encouraged people to go about their business and now their are complaints that because he closed down NY to stop the horrific death rate that we had, due to the lack of information from the top (i.e. the virus in NY is NOT from China but from Europe), it's also the Mayors fault. 

Could you people who just have a gripe about NY make up your mind which thing you are going to complain about?

We New Yorkers are pretty tired too. Tired of being the biggest donor state in the nation. We give in taxes and their are a whole bunch of states that are only takers. They managed to leach more out of us by taking away our SALT deductions. Try that on.

 
 
 
Transyferous Rex
3.1  Transyferous Rex  replied to  Perrie Halpern R.A. @3    4 months ago
Could you people who just have a gripe about NY make up your mind which thing you are going to complain about?

That's been my complaint for a while now. 

 
 
 
Texan1211
3.2  Texan1211  replied to  Perrie Halpern R.A. @3    4 months ago
Tired of being the biggest donor state in the nation.

I thought you supported higher taxes on the wealthy?

We give in taxes and their are a whole bunch of states that are only takers.

I suppose that is one way of looking at it. I prefer looking at it like New York CITIZENS pay federal income taxes and the State of New York does not. No state takes money, it is granted to them.

They managed to leach more out of us by taking away our SALT deductions. Try that on.

People are being treated equally. Your deduction in New York shouldn't be any more than someone's in Florida.

 
 
 
MUVA
3.3  MUVA  replied to  Perrie Halpern R.A. @3    4 months ago

The one percent and Wall Street pay the bulk of the taxes from NY don’t glob on to someone else’s tax burden. 

 
 
 
Perrie Halpern R.A.
3.3.1  Perrie Halpern R.A.  replied to  MUVA @3.3    4 months ago
The one percent and Wall Street pay the bulk of the taxes from NY don’t glob on to someone else’s tax burden. 

Wake up! The 1% and Wall Street are not paying any more than they have since they actually do have loopholes. SALT was a nothing for them. It hurts the middle class and blue-collar workers. 

 
 
 
MUVA
3.3.2  MUVA  replied to  Perrie Halpern R.A. @3.3.1    4 months ago

You really haven’t a clue the bulk of taxes paid into the government from your state is paid by corporations Wall Street and the 1% to 5% not the middle class sorry you are wrong.

 
 
 
Perrie Halpern R.A.
3.3.3  Perrie Halpern R.A.  replied to  MUVA @3.3.2    4 months ago

I'm afraid you are the one without a clue: 

Because of the SALT tax there is a work around for the top 20%. That is a loophole. For the other 80% they paid the largest part of this increase:

Now we are not complaining about the part that goes to the state, that is no longer covered. We are complaining about the amount that we can no longer deduct from our property taxes. 

You tell me who pays the bulk: 

512

The bottom 57% are paying the bulk compared to their family wages. 

You always throw out numbers without proof. 

 
 
 
Just Jim NC TttH
3.3.4  Just Jim NC TttH  replied to  Perrie Halpern R.A. @3.3.3    4 months ago
The bottom 57% are paying the bulk compared to their family wages.

As a percentage right? I'd take 2.5% of 200,000 (5,000) over 6.7% of 29,400 (1,970.00). While I realize percentage of income matters, the actual amount tells a little different story. But then again, I'm not an accountant I know but the income for the fed is much higher dollar wise.

 
 
 
Perrie Halpern R.A.
3.3.5  Perrie Halpern R.A.  replied to  Just Jim NC TttH @3.3.4    4 months ago

If that was true. But it isn't Jim. Here are the actual numbers:

According to U.S. Census Bureau’s 2013-2017 American Community Survey 5-Year Estimates, the median individual income in New York City is $50,825. The median household income in New York City is $57,782. Household income in the U.S. Census data takes into account the income of everyone who lives inside a single housing unit. This includes anyone from individuals, groups of roommates and families. Note that this figure represents the gross amount, before  taxes  and other deductions.

 
 
 
Nerm_L
3.3.6  seeder  Nerm_L  replied to  Perrie Halpern R.A. @3.3.3    4 months ago
Now we are not complaining about the part that goes to the state, that is no longer covered. We are complaining about the amount that we can no longer deduct from our property taxes. 

The Federal government does not levy property taxes.  The disparity in tax burden either results from the top 20 pct owning less property or results from how state and local property taxes are structured.

New York can shift the tax burden resulting from the cap on SALT deductions by changing how state and local taxes are levied.  The problem exists in the state and local tax codes.  State and local governments are favoring the rich; the cap on SALT deductions is not.

 
 
 
Perrie Halpern R.A.
3.3.7  Perrie Halpern R.A.  replied to  Nerm_L @3.3.6    4 months ago
The Federal government does not levy property taxes.  The disparity in tax burden either results from the top 20 pct owning less property or results from how state and local property taxes are structured.

Nerm, let me explain.

The Federal gove does not levy taxes on us. But they can cap them on us. This is something President Trump fully understood, since he was/is a NewYorker. Let me explain the part of the tax that is in question. 

We do not have a state centralized school system. We are decentralized and our property tax is based on how good the school system is. The biggest part of our property taxes is our school taxes. Our property taxes are based on how good a school system is. We pick the towns we move into based on the excellence of the schools. The biggest part of our property taxes goes to our schools. This is a case of what you pay for is what you get. My kids went to a great school system and so my taxes for that system was very high. Those are the taxes we used to be able to deduct. And when Mr. Trump lived here, he did the same. 

We are not complaining about the state taxes paid directly to the state. We all accept that it is part of living in NY. We are not talking about local taxes. What we resent is being not having extended to us, what is extended to every other state in the nation, which is strictly our property tax. This is not a matter of rich people getting a break. This is the average NYer no matter where they live. This is strictly our property taxes being capped. We fought a war over unfair taxation.. remember? This is unfair taxation. 

And the myth of the rich New Yorker gets really old. The average New Yorker makes $57K a year as I already pointed out in earlier posts. 

 
 
 
Nerm_L
3.3.8  seeder  Nerm_L  replied to  Perrie Halpern R.A. @3.3.7    4 months ago
The Federal government does not levy taxes on us. But they can cap them on us. This is something President Trump fully understood, since he was/is a NewYorker. Let me explain the part of the tax that is in question. 

The Federal government definitely levies taxes.  The Federal government could levy property taxes.  And the Federal government is not required to provide any tax deductions.  

And the myth of the rich New Yorker gets really old. The average New Yorker makes $57K a year as I already pointed out in earlier posts. 

Median income is not an average.  A median of 57K means half the population has income less than $57K  and the other half has income more than 57K.

SSA national data shows that median income is about 65 pct of average income.   Using the SSA national data, the average income in New York would be estimated to be close to $88K.  Considering the large disparity between Manhattan and surrounding boroughs , the average could be considerably higher than $88K.

The myth of the rich New Yorker is more factual than the myth of rich farmers.  

 
 
 
MUVA
3.4  MUVA  replied to  Perrie Halpern R.A. @3    4 months ago

Try paying over 70,000 a year in income tax and another 30,000 in capital gains then another 300,000 in corporate tax then get back to me.

 
 
 
Perrie Halpern R.A.
3.4.1  Perrie Halpern R.A.  replied to  MUVA @3.4    4 months ago

We've been through this already, I am self employed as is my husband. And if you are paying 30K in capital gains you have a crap accountant. 

 
 
 
MUVA
3.4.2  MUVA  replied to  Perrie Halpern R.A. @3.4.1    4 months ago

We have a lot of gains a good accountant  or not you have to pay what you own.

 
 
 
Perrie Halpern R.A.
3.4.3  Perrie Halpern R.A.  replied to  MUVA @3.4.2    4 months ago

When you pay capital gains, it either means you used monies, stock or bonds and didn't roll it over. You only pay the part that you used. If you sold a piece of capital, say a building and you rolled it over in a year, into an investment then you would not pay capital gains. If you did then it's on you or your accountant. 

 
 
 
MAGA
3.4.4  MAGA  replied to  Perrie Halpern R.A. @3.4.3    4 months ago

If you own mutual funds and or exchange traded funds that are actively managed you pay cap gains and dividends taxes even if you are a buy and hold dollar cost averaging investor who sold nothing and had gains re invested. 

 
 
 
Perrie Halpern R.A.
3.4.5  Perrie Halpern R.A.  replied to  MAGA @3.4.4    4 months ago
 
 
 
MAGA
3.4.6  MAGA  replied to  Perrie Halpern R.A. @3.4.5    4 months ago

The like kind works great for selling individual stocks and buying like kind and for index funds that that are keeping their orientation.  Actively managed funds managers don’t always do those kind of trades especially if they are rebalancing their portfolio or getting out of a sector to get into another.  

 
 
 
Nerm_L
3.5  seeder  Nerm_L  replied to  Perrie Halpern R.A. @3    4 months ago
I am really sick of this. First, there are article complaining that it's all NY fault that they had so many coronavirus cases because they didn't close soon enough and the mayor encouraged people to go about their business and now their are complaints that because he closed down NY to stop the horrific death rate that we had, due to the lack of information from the top (i.e. the virus in NY is NOT from China but from Europe), it's also the Mayors fault. 

The claim has been that New York quickly took appropriate steps in response to the outbreak.  The Federal government (primarily Trump) was blamed for the slow response.

The news reporting (past and present) shows that New York did not respond quickly and New York did not respond appropriately.

The $9 billion loss of revenue projected by Mayor de Blasio is a result of how New York chose to respond to the outbreak.  

We New Yorkers are pretty tired too. Tired of being the biggest donor state in the nation. We give in taxes and their are a whole bunch of states that are only takers. They managed to leach more out of us by taking away our SALT deductions. Try that on.

Does the balance of payment analysis include Federal money spent to support the United Nations and the international diplomatic corps residing in New York City?  Does the analysis include direct Federal support provided refugees?  Does the analysis include activities of the Federal Reserve?  Does the analysis include Federal interest payments made to financial holders of Treasury securities?  Does that analysis include processing fees paid to JP Morgan for administering for Electronic Benefits Transfer (EBT) cards?

New York receives more Federal money (directly and indirectly) than has been included in the analysis.  

 
 
 
Perrie Halpern R.A.
3.5.1  Perrie Halpern R.A.  replied to  Nerm_L @3.5    4 months ago
The claim has been that New York quickly took appropriate steps in response to the outbreak.  The Federal government (primarily Trump) was blamed for the slow response. The news reporting (past and present) shows that New York did not respond quickly and New York did not respond appropriately.

Actually it does not. It shows the exact opposite. March 1 was our first case. March 3rd our second. On March 7, Governor Cuomo declared a state of emergency in New York after 89 cases had been confirmed in the state, 70 of them in Westchester County, 12 in New York City.

I would say that was pretty fast. And this is not the first time I have heard this and it gets really old. Tell me, when all the states who messed up and opened up too soon and start to see spikes like we are seeing now, should I mock them? 

Does the balance of payment analysis include Federal money spent to support the United Nations and the international diplomatic corps residing in New York City?  Does the analysis include direct Federal support provided refugees?  Does the analysis include activities of the Federal Reserve?  Does the analysis include Federal interest payments made to financial holders of Treasury securities?  Does that analysis include processing fees paid to JP Morgan for administering for Electronic Benefits Transfer (EBT) cards?

Honestly Nerm, you really don't get how that long list goes. 

Does the balance of payment analysis include Federal money spent to support the United Nations and the international diplomatic corps residing in New York City? 

NYC actually receives no financial benefit from the federal government from having the UN there.

Does the analysis include direct Federal support provided refugees? 

The state does not receive fed support for refugees. All refugees receive funds through the Office of Refugee Resettlement. The money goes directly to them no matter where in the US they live.

Does the analysis include activities of the Federal Reserve? 

The federal reserve is an independent dept and has nothing to do with NY

Does the analysis include Federal interest payments made to financial holders of Treasury securities? 

Again nothing no benefit to NY

Does that analysis include processing fees paid to JP Morgan for administering for Electronic Benefits Transfer (EBT) cards?

JP Morgan makes money off of that, not NYC. Any profits goes to the Federal government, so it is a payout from our state. 

New York receives more Federal money (directly and indirectly) than has been included in the analysis. 

Prove that Nerm. I am sick of people making claims that are just not true.

And while we are talking what state do you live in?

 
 
 
Nerm_L
3.5.2  seeder  Nerm_L  replied to  Perrie Halpern R.A. @3.5.1    4 months ago
Actually it does not. It shows the exact opposite. March 1 was our first case. March 3rd our second. On March 7,  Governor Cuomo  declared a  state of emergency  in New York after 89 cases had been confirmed in the state, 70 of them in Westchester County, 12 in New York City.

Emergency declarations are part of the Federal emergency and disaster response system.  The state of New York has declared a number of emergencies over the last several decades.  The FEMA response to the declared emergency began on March 12.   Gov. Cuomo's declaration of emergency was about obtaining Federal assistance.

Honestly Nerm, you really don't get how that long list goes. 

I have actually reviewed the balance of payments analysis made by the Rockefeller Institute .  So, yes, I do get how long that list is.  I also understand that the balance of payments analysis isn't precise simply because the Federal accounting doesn't identify all spending by state.  And several Federal programs are administered by private financial institutions who are compensated from the general public rather than by the Federal government.  Obamacare is an example where private health insurance companies administer the Federal program and are compensated from premium payments rather than by the Federal expenditures.

Since New York is heavily dependent upon financial businesses, any Federal legislation that benefits financial institutes provides benefit to New York.  However, the nature of financial operations isn't based upon direct receipt of revenue from the Federal government.  New York as a financial center receives far more Federal benefit than an accounting of Federal expenditures would reveal.

Prove that Nerm. I am sick of people making claims that are just not true.

I already 'proved' that by citing the example of JP Morgan administering EBT cards.  And, last I heard, JP Morgan does pay wages.  The Federal government provides New York a large benefit by loosening restrictions on financial businesses to obtain revenue from the general public across the country.

And while we are talking what state do you live in?

I live in Minnesota.  Minnesota is a so called 'donor' state, too.  

 
 
 
Tacos!
4  Tacos!    4 months ago

Dear Mr. Trump,

Please print more money. Seven billion dollars will do. For now. I might want more next week.

This shouldn't be a problem for you. I'm sure no one else in the country is also going broke. I know I could open up the city a little more to get the economy going and generate revenue that way, or cut back on expenses, but then I wouldn't have anything to complain about.

Sincerely, 

Your Pal,

Bill de Blasio

 
 
 
Perrie Halpern R.A.
4.1  Perrie Halpern R.A.  replied to  Tacos! @4    4 months ago

Dear Mr. Trump,

Please remove the SALT tax cap that costs our state 10 billion dollars annually from our hard-working families and so we can have some self-determination, instead of redistributing it to other states. Then we wouldn't need to ask for aid from the federal gov. 

Your Pal,

Gov. Cuomo. 

See, I fixed it! 

btw,

New York, Connecticut, Maryland and New Jersey File Appeal

In U.S. Court of Appeals for the Second Circuit

https://www.governor.ny.gov/news/governor-cuomo-and-attorney-general-james-announce-filing-appeal-multi-state-lawsuit-against

 
 
 
Tacos!
4.1.1  Tacos!  replied to  Perrie Halpern R.A. @4.1    4 months ago
instead of redistributing it to other states

Taxation, in general, is about redistributing money. I find deep irony and hypocrisy in people who support that system for programs that benefit them, but whine about the process when it goes to help others.

 
 
 
MUVA
4.1.2  MUVA  replied to  Perrie Halpern R.A. @4.1    4 months ago

No way it long pass due to remove that loophole.

 
 
 
Sean Treacy
4.1.3  Sean Treacy  replied to  Perrie Halpern R.A. @4.1    4 months ago
ease remove the SALT tax cap that costs our state 10 billion dollars annua

NY citizens,( at least the wealthy  ones) should not be able to evade their share of federal taxes through a loophole. Pay your share and stop asking for preferential treatment. 

 
 
 
Perrie Halpern R.A.
4.1.4  Perrie Halpern R.A.  replied to  Sean Treacy @4.1.3    4 months ago

Sean,

First of all, it wasn't a loophole. A loophole is something that some people get that others don't. 

Second, the people bearing the brunt of the taxes are not the wealthy but the middle and blue-collar folks. That cap was punitive and actually can be contested as such, and that is why it is in the courts. Also, taxes can not be levied unfairly to different states, so that will also go to court.  

And for the record, even before we had the SALT cap, we paid MORE than our fair share. 

Tell me Sean, which state do you live? I'd like to see if you are a giver state or a taker state.

 
 
 
Perrie Halpern R.A.
4.1.5  Perrie Halpern R.A.  replied to  MUVA @4.1.2    4 months ago

It wasn't a loophole. A loophole is something that some people get that others don't.

 
 
 
Perrie Halpern R.A.
4.1.6  Perrie Halpern R.A.  replied to  Tacos! @4.1.1    4 months ago

Tacos,

NYS never complained about what they paid in taxes to the federal gov until we had the punitive SALT cap put on us and other selected states, all of which just happen to be blue states. That was punitive. That is money that we now have to beg the Federal gov back for. You don't see the irony in that?

Meanwhile, per capita other states got loads of money from the last Federal payout, while NY had to struggle with the least amount per capita. Shouldn't have been distributed by who needed it most instead of a windfall for some states? 

 
 
 
MUVA
4.1.7  MUVA  replied to  Perrie Halpern R.A. @4.1.5    4 months ago

No it was a loophole welcome to my world over taxation.

 
 
 
Perrie Halpern R.A.
4.1.8  Perrie Halpern R.A.  replied to  MUVA @4.1.7    4 months ago

MUVA,

I am an accountant. It is not a loophole. And I pay more than my fair share. 

 
 
 
MUVA
4.1.9  MUVA  replied to  Perrie Halpern R.A. @4.1.8    4 months ago

I thought you were a earth since teacher  my account has been a account for 40 years and started BDO chew on that I wouldn’t let you balance my check book,

 
 
 
Sean Treacy
4.1.10  Sean Treacy  replied to  Perrie Halpern R.A. @4.1.4    4 months ago
A loophole is something that some people get that others don't. 

Of course it is. Some people get to evade their share of federal taxes and get a deduction that isn't available to similarly placed people in other states.  If you want it changed, have NY change it's taxation burden. People in Arizona making the same money shouldn't pay a higher share of their income to the feds than those in NY. You want to spend lots of money on schools? There are tradeoffs. 

 the people bearing the brunt of the taxes are not the wealthy but the middle and blue-collar folk

Nonsense. If the 10,000 cap is materially affecting your tax return, you either have significant income or property. Those making less then 200,000 per year pay 5% of the increased revenue.  People making more than a million pay more than half.  

 
 
 
Tacos!
4.1.11  Tacos!  replied to  Perrie Halpern R.A. @4.1.6    4 months ago
while NY had to struggle

Do you hear it when you say it out loud? New York struggles? Have you been to other places?

 
 
 
Perrie Halpern R.A.
4.1.12  Perrie Halpern R.A.  replied to  Sean Treacy @4.1.10    4 months ago
Of course it is. Some people get to evade their share of federal taxes and get a deduction that isn't available to similarly placed people in other states.

Sean,

It is not a special deduction if it is given to everyone and it was. What isn't are corporate taxes where they are loads of ways to not pay. NYS was paying the same way as everyone else was until this cap. The cap is what is unfair. 

People in Arizona making the same money shouldn't pay a higher share of their income to the feds than those in NY

They don't. They are actually a taker state. They get more than they pay in. 

You want to spend lots of money on schools? There are tradeoffs. 

The choice shouldn't be made punitive. We pay it. That is our choice by the town we move to and the fact that we care about education and we are decentralized. The fact that this is then used against us, is totally ridiculous. It's not like purchasing a lux item. We should all be paying the same percentage of taxes on our property tax.

Nonsense. If the 10,000 cap is materially affecting your tax return, you either have significant income or property. Those making less then 200,000 per year pay 5% of the increased revenue.  People making more than a million pay more than half.  

Bull. Look at the chart here: 3.3.3  

And I see you have still not said what state you come from. If I remember right it's Wisc, which means you are a taker state, too. 

 
 
 
Perrie Halpern R.A.
4.1.13  Perrie Halpern R.A.  replied to  Tacos! @4.1.11    4 months ago
Do you hear it when you say it out loud? New York struggles? Have you been to other places?

Do you hear yourself out loud? Have you been to NY? You seem to have the misguided idea that we all live fat. We don't. This is mostly an ag state. And even then, we are mostly middle class/ blue collar/ state. 

 
 
 
Tacos!
4.1.14  Tacos!  replied to  Perrie Halpern R.A. @4.1.13    4 months ago
This is mostly an ag state.

It's the mayor of New York City who is asking for the money. How much Ag ya got going on in Manhattan?

And even then, we are mostly middle class/ blue collar/ state. 

How much NYC revenue comes from taxing blue collar people versus people in suits?

 
 
 
Perrie Halpern R.A.
4.1.15  Perrie Halpern R.A.  replied to  Tacos! @4.1.14    4 months ago

Tacos,

It's the mayor of  New York City  who is asking for the money. How much Ag ya got going on in Manhattan?

That is not how it works. If our idiot mayor thinks it is, he is wrong. And as I just showed Jim, the average NYer makes $57K a year. Hardly big money.

It is our Gov who is asking for Federal help. 

How much NYC revenue comes from taxing blue collar people versus people in suits?

According to U.S. Census Bureau’s 2013-2017 American Community Survey 5-Year Estimates, the median individual income in New York City is $50,825. The median household income in New York City is $57,782. Household income in the U.S. Census data takes into account the income of everyone who lives inside a single housing unit. This includes anyone from individuals, groups of roommates and families. Note that this figure represents the gross amount, before  taxes  and other deductions.

 
 
 
Tacos!
4.1.16  Tacos!  replied to  Perrie Halpern R.A. @4.1.15    4 months ago
And as I just showed Jim, the average NYer makes $57K a year. Hardly big money.

I agree it's not big money, but I bet almost everyone below that median isn't paying much, if anything, in income tax. A median average in a city of millions with super rich people in the top half of that median is a misleading figure. If you're trying to sell me on the idea that NYC is struggling because the average New Yorker only makes $57K, I'm not buying it.

The New York City Mayor's Office of Management and Budget ( OMB or MOMB ), formerly New York City Office of Management and Budget , is the New York City government 's chief financial agency, organized as part of the New York City Mayor's office . OMB staff, under the direction of the Mayor and the Budget Director, assemble and oversee the expense, revenue, and capital budgets for the city. The City of New York funds the activities of approximately 70 agencies with more than 300,000 full-time and full-time equivalent employees, for a Fiscal Year 2018 total of $86 billion . [1]

OMB evaluates the cost-effectiveness of city services and proposals, both from the agencies and New York City Council . OMB employs economists to provide forecasts on city, state, nation, and world economies. OMB also manages the city's capital financing programs through the issuing of bonds, and conducts legal reviews of capital projects financed with bond proceeds. [1]

OMB is the nation’s fourth-largest taxing authority, [2] as New York City has the largest municipal budget in the United States at $86 billion a year. [3] The city employs 325,000 people, spends about $21 billion to educate more than 1.1 million students (the largest public school system in the United States), levies $27 billion in taxes, and receives $14 billion from the state and federal governments.

Hmm, I guess New York does take money from the federal government.

The elephant in the room for this discussion is the very many, extremely wealthy people who live or work in NYC, and pay massive amounts of tax. Are you really going to try to compare these folks to people in other towns around the country? 

Between the wealthy taxpayers he can tap into, and the extensive public programs he could consider cutting back on temporarily, there is probably a lot Mayor Bill can do on his own before hitting up the rest of the country for more money. Keep in mind, we have already passed a 2 TRILLION dollar relief package and Congress is talking about doubling that.

This is like fairytale levels of invented money.

 
 
 
The Magic Eight Ball
4.1.17  The Magic Eight Ball  replied to  Perrie Halpern R.A. @4.1.5    4 months ago
A loophole is something that some people get that others don't.

we don't get to write off our state taxes which are collected as "sales tax" only.

we don't have state income tax or anything like that.   (texas)

y'all chose your version of state/local govt....

pay for it yourselves. and be glad ya still get the 5k write-off

 
 
 
Perrie Halpern R.A.
4.1.18  Perrie Halpern R.A.  replied to  The Magic Eight Ball @4.1.17    4 months ago

What the heck? We don't get to write off our sales taxes either. What a false comparison. 

 
 
 
Perrie Halpern R.A.
4.1.19  Perrie Halpern R.A.  replied to  Tacos! @4.1.16    4 months ago

Tacos,

Do you know what meidan means? Here is a hint. It's not average. 

And we are not talking about NYC taxes. We are talking about NYS taxes. You seem to be confused. And btw, everyone who lives and works in NYC has to pay federal taxes, not only city taxes. The OBM only handles taxes paid by NYC residents to the CITY.

Hmm, I guess New York  does  take money from the federal government.

You may want to review this chart: 

966724856.jpg

The elephant in the room for this discussion is the very many, extremely wealthy people who live or work in NYC, and pay massive amounts of tax. Are you really going to try to compare these folks to people in other towns around the country? 

Well, you seem to have a problem figuring out that NYC is not NYS and that even people in NYC are not all rich, so yeah I am going to say that the people of NYS are really just like any other people. 

Between the wealthy taxpayers he can tap into, and the extensive public programs he could consider cutting back on temporarily, there is probably a lot Mayor Bill can do on his own before hitting up the rest of the country for more money. Keep in mind, we have already passed a 2 TRILLION dollar relief package and Congress is talking about doubling that.

Yeah and did you ever look at what a chart of that looks like per capita and then you can tell me if that is far or not. 

512

Again where are you from?

 
 
 
The Magic Eight Ball
4.1.20  The Magic Eight Ball  replied to  Perrie Halpern R.A. @4.1.18    4 months ago
What a false comparison.

it is not a false comparison...  

we both pay state taxes.... in texas we just pay ALL our state taxes in a different form.

and we dont get to write off any of our state tax paid.    none of it.  

so, you do get something we don't get.    and we call that a loophole.

I'm not complaining about not writing off my state taxes, 

so it is only natural for me to wonder why  anyone would complain they can not write off enough of their state taxes

you are lucky ya get that 5k off your federal taxes... must be nice :)

   

 
 
 
MAGA
4.1.21  MAGA  replied to  Tacos! @4.1.14    4 months ago

California is mostly an ag state too and most of the people who live in the ag regions of the state have no objections to the new SALT rules.  Our real estate prices are such that 750k buys a virtual mini mansion which is the new cap on mortgage deductions.  It affects virtually no one outside of the Bay Area and Los Angeles to San Diego.  As far as state and local taxes go, prop. 13 moderates our property taxes and the maximum income tax rate affects few citizens so at the lower rates few reach the 10k threshold.  It was long past time that high state and local tax states could mask the true cost of their voted services by paying less federal taxes than the same wage earner would pay in another state who didn’t have that deduction!  Why does Florida with more people than New York have half the annual budget that New York State does?  What are New York citizens getting that those in Florida are not?  

 
 
 
Perrie Halpern R.A.
4.1.22  Perrie Halpern R.A.  replied to  The Magic Eight Ball @4.1.20    4 months ago

But we are NOT talking about state taxes. That is not the issue. 

 
 
 
Tacos!
4.1.23  Tacos!  replied to  Perrie Halpern R.A. @4.1.19    4 months ago
Do you know what meidan means?

I know what median means. I think I demonstrated that by referring to the half below the median and above. The median is the figure in the middle. So as many people make less than 57K, that many people also make more. Knowing the way tax brackets are structured, I think I can guarantee that the bulk of taxes are paid by the people making above the median. That's what I was trying to say. Hope that clarifies things.

And we are not talking about NYC taxes. We are talking about NYS taxes.

Why? Why do you want to talk about NYS taxes when the seed is about the mayor of New York City and the budget of New York City?

 
 
 
Gazoo
5  Gazoo    4 months ago

What? You mean deblasio didn’t prepare ny city for the pandemic! Oh the irony.

 
 
 
Tacos!
5.1  Tacos!  replied to  Gazoo @5    4 months ago
You mean deblasio didn’t prepare ny city for the pandemic!

It's Trump's fault. I promise.

 
 
 
Perrie Halpern R.A.
5.2  Perrie Halpern R.A.  replied to  Gazoo @5    4 months ago
What? You mean deblasio didn’t prepare ny city for the pandemic! Oh the irony.
It's Trump's fault. I promise.

Please don't put words into my mouth. 

And thank you for proving my earlier point:

I am really sick of this. First, there are article complaining that it's all NY fault that they had so many coronavirus cases because they didn't close soon enough and the mayor encouraged people to go about their business and now their are complaints that because he closed down NY to stop the horrific death rate that we had, due to the lack of information from the top (i.e. the virus in NY is NOT from China but from Europe), it's also the Mayors fault.  Could you people who just have a gripe about NY make up your mind which thing you are going to complain about?

So Gazoo and Tacos what state do you live in? 

 
 
 
Gazoo
5.2.1  Gazoo  replied to  Perrie Halpern R.A. @5.2    4 months ago

My comment wasn’t a response to any comments, just the article.

 
 
 
Tacos!
5.2.2  Tacos!  replied to  Perrie Halpern R.A. @5.2    4 months ago
Please don't put words into my mouth.

I didn't. Somebody always thinks something is Trump's fault even though it can't possibly be his fault. I never said you, in particular, thought that. I was trying to imply it either. I wasn't even contemplating about what you specifically were thinking.

So Gazoo and Tacos what state do you live in? 

Does that matter? The seed isn't about us. Are you trying to talk about different states? Why? The seed isn't even about a state. It's about a city. New York City.

 
 
 
Jeremy Retired in NC
6  Jeremy Retired in NC    4 months ago
New York City Mayor Bill de Blasio on Wednesday warned that the city faces a multibillion-dollar deficit amid the coronavirus pandemic

Isn't this the same Mayor who said they could handle all the illegals flowing into the country?  They can't even take care of their LEGAL citizens.

 
 
 
Perrie Halpern R.A.
6.1  Perrie Halpern R.A.  replied to  Jeremy Retired in NC @6    4 months ago
Isn't this the same Mayor who said they could handle all the illegals flowing into the country? 

No, this is the same mayor that said he would   defend  undocumented immigrants in New York against aggressive immigration measures since the early days of the Trump administration.

https://thehill.com/opinion/immigration/479340-how-far-will-new-york-city-mayor-bill-de-blasio-go-to-protect

He never said anything about supporting them or the rest of the country Jeremy. 

They can't even take care of their LEGAL citizens.

Well Geeze Jeremy, maybe that had something to do with the 365,000 sick and the 29,500 dead, that had our city still at an absolute shut down and nothing to do with immigration at all. 

You guys will throw anything at the wall and hope it sticks. 

 
 
 
Jeremy Retired in NC
6.1.1  Jeremy Retired in NC  replied to  Perrie Halpern R.A. @6.1    4 months ago
No, this is the same mayor that said he would defend  undocumented immigrants in New York against aggressive immigration measures since the early days of the Trump administration.

Thank you for answering my question.

You guys will throw anything at the wall and hope it sticks.

No.  I'm not a liberal or a Democrat.  I have common sense.

 
 
 
Perrie Halpern R.A.
6.1.2  Perrie Halpern R.A.  replied to  Jeremy Retired in NC @6.1.1    4 months ago
They can't even take care of their LEGAL citizens.
Well Geeze Jeremy, maybe that had something to do with the 365,000 sick and the 29,500 dead, that had our city still at an absolute shut down and nothing to do with immigration at all. 

Nothing to say about that? Tell me, how many sick and dying did your state have to deal with?

No.  I'm not a liberal or a Democrat.  I have common sense.

Well, neither am I, so thanks for playing. 

 
 
 
The Magic Eight Ball
7  The Magic Eight Ball    4 months ago
New York City previously estimated $7.4 billion in lost revenue due to the coronavirus crisis

so what, every city and town aka the entire country lost revenue because of the virus.

bigger cities have bigger problems.        NY should get back to work. and stop bitching about it.

.  

 
 
 
Tacos!
7.1  Tacos!  replied to  The Magic Eight Ball @7    4 months ago
every city and town aka the entire country lost revenue because of the virus

Exactly. But we're supposed to care more about New York City because we're always supposed to care more about New York City.

 
 
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