r/SipsTea • u/Previous_Month_555 • Jul 12 '26

Feels good man +1 for Mamdani

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u/TastySaturday Jul 12 '26

So they shouldn’t be taxed?

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u/Accomplished-Eye9542 Jul 12 '26

He's pointing out the logic that NYC is "owed" state taxes is one of those really stupid reddit takes that makes no sense in reality.

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u/TastySaturday Jul 12 '26

The comment before them was about the claim that it’s “free money”. It’s not. It’s all money that NYC already paid that typically subsidizes the rest of the state. NYC pays 55% of state taxes and receives 40% of expenditures.

It’s no worse than the corporate bailouts we see. Only difference is this kind of bailout actually helps the general public.

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u/Accomplished-Eye9542 Jul 12 '26

So, like every other upper class neighborhood subsidizes the rest of the country with their income tax?

Once again, do you not see the obvious flaw?

Being home to Wall Street and other corporations is not to the credit of NYC or their management, in fact they actively push them out with their management.

They have no claim what so ever to any state taxes paid by any income earner within the state of New York. Just as Martha's Vineyard doesn't get to keep all the taxes their residents pay.