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Tax Breaks Sought Amid Boom

Submitted by Reality Checker, Jul 23, 2007 11:34

Though the share of condo and coop owners in the city has increased dramatically over the past 5 years, especially in Manhattan, New York City is still a city of renters for whom the reduced property tax will be of little benefit. To truly return the benefits of the surplus, it would behoove the powers that be to reduce, if not eliminate, the city's income tax.

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Other reader comments on this article

Comment	By	Date
You can't sell an apartment building at the Time/Warner building for 45 million if Central Park isn't safe. The... [MORE]	e.m. dunne	Jul 23, 2007 13:37
rather the economic prosperity the 90 lowered the crime rate. Police Forces often try to take credit for falling crime... [MORE]	John Jones	Jul 24, 2007 08:24
One way that they could lower the tax is by fixing the so called Mansion Tax. The average apartment is... [MORE]	Jim Barnard	Jul 23, 2007 11:37
Though the share of condo and coop owners in the city has increased dramatically over the past 5 years, especially...	Reality Checker	Jul 23, 2007 11:34
Real estate transfer taxes will NOT continue to roll in at these inflated levels. If the city wants to cut... [MORE]	Larry Littlefield	Jul 23, 2007 08:08
Before applying a regressive commuter tax in the form of congestion pricing, why not apply this windfall toward upgrading NY... [MORE]	Art Fougner MD	Jul 23, 2007 06:35

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Tax Breaks Sought Amid Boom