NYC real estate
fromtherealdeal.com
2 days agoThe Daily Dirt: One man's quest for a STAR rebate
The STAR property tax rebate application was denied due to an income error, which took months to resolve despite a quick fix being possible.
One of the most oft-repeated refrains from powerful New Yorkers is that if you continue to raise taxes on the wealthy, like Democratic mayoral nominee Zohran Mamdani is proposing, the rich would simply leave New York to run off to states with lower taxes. "We have to stop the exodus," Andrew Cuomo railed in a Fox Business appearance last week. "If Mamdani becomes the mayor of New York, you're going to see the flight of businesses from New York," hedge fund tycoon Bill Ackman said this summer. "It only takes a handful of successful people to leave to decimate the city's tax base."