Elon Musk

mickeyrat

insane....

https://thehill.com/policy/technology/5593467-tesla-shareholders-elon-musk-trillionaire/?fbclid=Iwb21leAN6AZhleHRuA2FlbQIxMQBzcnRjBmFwcF9pZAwzNTA2ODU1MzE3MjgAAR74jSqI5FhvRm73Gao0_yxX8bZ_wa52_Q06CRFST9fPMDJt3TQ_O96ZsCxWUg_aem_e4zGDmQ9NdOvXYVXBBgUHA

BREAKING: Tesla shareholders approved a new trillion-dollar pay package for CEO Elon Musk. 

The package — to which over 75 percent of shareholders agreed — grants Musk about 423 million shares in the electric vehicle (EV) maker, which would be worth nearly $1 trillion if the company reaches a series of milestones as required under the agreement.

gimmesometruth27

mickeyrat said:

insane....

https://thehill.com/policy/technology/5593467-tesla-shareholders-elon-musk-trillionaire/?fbclid=Iwb21leAN6AZhleHRuA2FlbQIxMQBzcnRjBmFwcF9pZAwzNTA2ODU1MzE3MjgAAR74jSqI5FhvRm73Gao0_yxX8bZ_wa52_Q06CRFST9fPMDJt3TQ_O96ZsCxWUg_aem_e4zGDmQ9NdOvXYVXBBgUHA

BREAKING: Tesla shareholders approved a new trillion-dollar pay package for CEO Elon Musk. 

The package — to which over 75 percent of shareholders agreed — grants Musk about 423 million shares in the electric vehicle (EV) maker, which would be worth nearly $1 trillion if the company reaches a series of milestones as required under the agreement.

i don't see how this is possibly good for tesla.

OnWis97

Lots of people, and perhaps some animals, understand corporate shit more than I do.  But I also don't understand forking over an uncomprehensible amount of money to him. 

gimmesometruth27

OnWis97 said:

Lots of people, and perhaps some animals, understand corporate shit more than I do.  But I also don't understand forking over an uncomprehensible amount of money to him. 

especially when 50% of the market will not even consider buying a new tesla as long as musk is involved.

i think it is fascinating how they could potentially tank their own company financially by paying musk. would likely be one of the biggest own goals in the history of business. 

Halifax2TheMax

OnWis97 said:

Lots of people, and perhaps some animals, understand corporate shit more than I do.  But I also don't understand forking over an uncomprehensible amount of money to him. 

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

And if he lived in NYC couldn’t afford a 2% tax to help pay for free bus service for the unwashed masses.

Lerxst1992

OnWis97 said:

Lots of people, and perhaps some animals, understand corporate shit more than I do.  But I also don't understand forking over an uncomprehensible amount of money to him. 

We used to have a poster here who did really well with Tesla stock. They could explain it to you. I don’t like musk, but this comment is not accurate.


they are not giving him money, they are giving him stock. Which went way way up because of….him. He gets shares and if he doesn’t drive profits, it doesn’t go up, he gets nothing. If it goes up, The only thing it costs Tesla is dilution. Which is him anyway as he is the major shareholder.


 

Lerxst1992

Halifax2TheMax said:

OnWis97 said:

Lots of people, and perhaps some animals, understand corporate shit more than I do.  But I also don't understand forking over an uncomprehensible amount of money to him. 

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

And if he lived in NYC couldn’t afford a 2% tax to help pay for free bus service for the unwashed masses.

If you can afford the $250k average per taxpayer per year, go ahead and write me that check. And another one every year. Which could go up a lot if the wealthiest decide to spend six months outside the state.

Otherwise, stop with this misleading nonsense.

Halifax2TheMax

Lerxst1992 said:

Halifax2TheMax said:

OnWis97 said:

Lots of people, and perhaps some animals, understand corporate shit more than I do.  But I also don't understand forking over an uncomprehensible amount of money to him. 

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

And if he lived in NYC couldn’t afford a 2% tax to help pay for free bus service for the unwashed masses.

If you can afford the $250k average per taxpayer per year, go ahead and write me that check. And another one every year. Which could go up a lot if the wealthiest decide to spend six months outside the state.

Otherwise, stop with this misleading nonsense.

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

What is misleading and what does your ramble even try to say? What check would I be writing to you? 2% for those making $1M or more, at $1M is $20K. 

Lerxst1992

Halifax2TheMax said:

Lerxst1992 said:

Halifax2TheMax said:

OnWis97 said:

Lots of people, and perhaps some animals, understand corporate shit more than I do.  But I also don't understand forking over an uncomprehensible amount of money to him. 

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

And if he lived in NYC couldn’t afford a 2% tax to help pay for free bus service for the unwashed masses.

If you can afford the $250k average per taxpayer per year, go ahead and write me that check. And another one every year. Which could go up a lot if the wealthiest decide to spend six months outside the state.

Otherwise, stop with this misleading nonsense.

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

What is misleading and what does your ramble even try to say? What check would I be writing to you? 2% for those making $1M or more, at $1M is $20K. 

You have the enormous ability to do complex things like logistics for following an international tour, but budgeting? That’s way off base. Able to afford all those tours but not able to budget a few k for whatever they call 401ks over there? Now I know why.


TaxMommy is looking to raise nine billion dollars impacting 130,000 taxpayers. According to his literature. And most of the corporate increases will be impacting the same people as the individual rate increases that you cited. Unless the corporations try to shift this new cost to customers and employees which is possible  lol.


Go ahead and do the maths. $9B over 130,000 taxpayers. Go out and prove the Ontario education system is obtaining good results.

Halifax2TheMax

Lerxst1992 said:

Halifax2TheMax said:

Lerxst1992 said:

Halifax2TheMax said:

OnWis97 said:

Lots of people, and perhaps some animals, understand corporate shit more than I do.  But I also don't understand forking over an uncomprehensible amount of money to him. 

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

And if he lived in NYC couldn’t afford a 2% tax to help pay for free bus service for the unwashed masses.

If you can afford the $250k average per taxpayer per year, go ahead and write me that check. And another one every year. Which could go up a lot if the wealthiest decide to spend six months outside the state.

Otherwise, stop with this misleading nonsense.

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

What is misleading and what does your ramble even try to say? What check would I be writing to you? 2% for those making $1M or more, at $1M is $20K. 

You have the enormous ability to do complex things like logistics for following an international tour, but budgeting? That’s way off base. Able to afford all those tours but not able to budget a few k for whatever they call 401ks over there? Now I know why.


TaxMommy is looking to raise nine billion dollars impacting 130,000 taxpayers. According to his literature. And most of the corporate increases will be impacting the same people as the individual rate increases that you cited. Unless the corporations try to shift this new cost to customers and employees which is possible  lol.


Go ahead and do the maths. $9B over 130,000 taxpayers. Go out and prove the Ontario education system is obtaining good results.

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

Jealousy kills.

I’ll do the maths when I can find the abacus. Source for the second bold or at least an AI link? My dial up is spotty, been windy of late.

mickeyrat

is a mayor a king? gets to rule by fiat? there are no legislative representatives to serve as a check against the executive in nyc?

Lerxst1992

Halifax2TheMax said:

Lerxst1992 said:

Halifax2TheMax said:

Lerxst1992 said:

Halifax2TheMax said:

OnWis97 said:

Lots of people, and perhaps some animals, understand corporate shit more than I do.  But I also don't understand forking over an uncomprehensible amount of money to him. 

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

And if he lived in NYC couldn’t afford a 2% tax to help pay for free bus service for the unwashed masses.

If you can afford the $250k average per taxpayer per year, go ahead and write me that check. And another one every year. Which could go up a lot if the wealthiest decide to spend six months outside the state.

Otherwise, stop with this misleading nonsense.

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

What is misleading and what does your ramble even try to say? What check would I be writing to you? 2% for those making $1M or more, at $1M is $20K. 

You have the enormous ability to do complex things like logistics for following an international tour, but budgeting? That’s way off base. Able to afford all those tours but not able to budget a few k for whatever they call 401ks over there? Now I know why.


TaxMommy is looking to raise nine billion dollars impacting 130,000 taxpayers. According to his literature. And most of the corporate increases will be impacting the same people as the individual rate increases that you cited. Unless the corporations try to shift this new cost to customers and employees which is possible  lol.


Go ahead and do the maths. $9B over 130,000 taxpayers. Go out and prove the Ontario education system is obtaining good results.

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

Jealousy kills.

I’ll do the maths when I can find the abacus. Source for the second bold or at least an AI link? My dial up is spotty, been windy of late.

Wait, what? You support this but don’t bother to know the basic numbers!


” the wealthiest 1% of New Yorkers—those earning above $1 million annually.” His platform estimates this “millionaire tax” will raise $4 billion annually to help fund projects… The numbers, Mamdani says, mean that the tax would impact about 34,000 households. “This tiny share of the city population ”

that comes to $117k per taxpayer. Then there’s the near doubling of the corporate income tax collected “oh, we are just going to charge what NJ charges.” Which is a lie because when combining state and local, NY is higher now. The NJ rate is @ 11% and the combined NYS/NYC rate is @16% before his increases.


“ For instance, his platformstates that he will increase corporate taxes by more than a quarter (from 9% to 11.5%), and he expects this increase to generate 83% more corporate tax revenues ($6 billion to $11 billion). While there is room for interpretation and flexibility in estimates, these numbers do not appear to be accurate, and his platform offers little explanation or support for how they could be.”

so when you combine individual and corporate increases, assuming most of the wealth is owned by the same individuals, that’s where the $250k comes from,

of course corporations are free to pass on the increase to their customers, or cut employee raises, to fund the increased corp taxes, which defeats the entire purpose of this plan.

https://www.forbes.com/sites/kellyphillipserb/2025/11/06/will-mamdanis-proposed-millionaire-tax-save-or-sink-new-york-city/

https://poole.ncsu.edu/thought-leadership/article/paying-for-mamdanis-mayoral-vision/

gimmesometruth27

mickeyrat said:

is a mayor a king? gets to rule by fiat? there are no legislative representatives to serve as a check against the executive in nyc?

nope. because nyc has fallen.

Halifax2TheMax

Lerxst1992 said:

Halifax2TheMax said:

Lerxst1992 said:

Halifax2TheMax said:

Lerxst1992 said:

Halifax2TheMax said:

OnWis97 said:

Lots of people, and perhaps some animals, understand corporate shit more than I do.  But I also don't understand forking over an uncomprehensible amount of money to him. 

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

And if he lived in NYC couldn’t afford a 2% tax to help pay for free bus service for the unwashed masses.

If you can afford the $250k average per taxpayer per year, go ahead and write me that check. And another one every year. Which could go up a lot if the wealthiest decide to spend six months outside the state.

Otherwise, stop with this misleading nonsense.

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

What is misleading and what does your ramble even try to say? What check would I be writing to you? 2% for those making $1M or more, at $1M is $20K. 

You have the enormous ability to do complex things like logistics for following an international tour, but budgeting? That’s way off base. Able to afford all those tours but not able to budget a few k for whatever they call 401ks over there? Now I know why.


TaxMommy is looking to raise nine billion dollars impacting 130,000 taxpayers. According to his literature. And most of the corporate increases will be impacting the same people as the individual rate increases that you cited. Unless the corporations try to shift this new cost to customers and employees which is possible  lol.


Go ahead and do the maths. $9B over 130,000 taxpayers. Go out and prove the Ontario education system is obtaining good results.

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

Jealousy kills.

I’ll do the maths when I can find the abacus. Source for the second bold or at least an AI link? My dial up is spotty, been windy of late.

Wait, what? You support this but don’t bother to know the basic numbers!


” the wealthiest 1% of New Yorkers—those earning above $1 million annually.” His platform estimates this “millionaire tax” will raise $4 billion annually to help fund projects… The numbers, Mamdani says, mean that the tax would impact about 34,000 households. “This tiny share of the city population ”

that comes to $117k per taxpayer. Then there’s the near doubling of the corporate income tax collected “oh, we are just going to charge what NJ charges.” Which is a lie because when combining state and local, NY is higher now. The NJ rate is @ 11% and the combined NYS/NYC rate is @16% before his increases.


“ For instance, his platformstates that he will increase corporate taxes by more than a quarter (from 9% to 11.5%), and he expects this increase to generate 83% more corporate tax revenues ($6 billion to $11 billion). While there is room for interpretation and flexibility in estimates, these numbers do not appear to be accurate, and his platform offers little explanation or support for how they could be.”

so when you combine individual and corporate increases, assuming most of the wealth is owned by the same individuals, that’s where the $250k comes from,

of course corporations are free to pass on the increase to their customers, or cut employee raises, to fund the increased corp taxes, which defeats the entire purpose of this plan.

https://www.forbes.com/sites/kellyphillipserb/2025/11/06/will-mamdanis-proposed-millionaire-tax-save-or-sink-new-york-city/

https://poole.ncsu.edu/thought-leadership/article/paying-for-mamdanis-mayoral-vision/

* The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

The bold is bunk. You don't divide the $4B by number of households over $1M. Fuzzy maths. Again.

Without my abacus, it appears that you assume all 34,000 NY'ers that earn a million or more and will be taxed by raising the NYC income tax rate by 2%, earn $1M and not more, that there's not some percentage/number of NY'ers earning $2M, $5M, $10M, $20M, or $30M+ and some number in-between those amounts. 2% of $1M is $20K. Based on 2022 data, $3,045,440,000 could be raised by increasing the NYC tax rate by 2% and applying it to those earning $1M-$10M+ (33,765 individuals earning $1M+). So, I believe $4B is a realistic number given the 2022 data is 3 years old and the Bus Driver is working with newer data. 34,000 households do not an individual make, as some households probably have more than one individual that earns in that $1M-$10M+ range.

If they put $100,000 of their after tax income in the stock market and earn 8%, they can earn $8K of the tax charge back and forgo Starbucks and Dunkin' another $1,820 a year. How will they ever go on and NYC survive?

As for corporate taxes, CCOOTWH lowered corporate tax rates from 35% to 21%, a 14% decline. The Bus Driver wants to increase it 4.25% to 11.5%, same as Jeresy's and more in line with all neighboring states. That still leaves a net gain from CCOOTWH's tax cut of 9.75%. How will corporations ever survive and continue? Surely NYC will collapse as it did when the corporate rates were 10%-12% during the Ford fall down go boom years to the 1990's. But you knew that, eh?

I'm creating a Mamdani thread to keep it all in one place.

Lerxst1992

Halifax2TheMax said:

Lerxst1992 said:

Halifax2TheMax said:

Lerxst1992 said:

Halifax2TheMax said:

Lerxst1992 said:

Halifax2TheMax said:

OnWis97 said:

Lots of people, and perhaps some animals, understand corporate shit more than I do.  But I also don't understand forking over an uncomprehensible amount of money to him. 

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

And if he lived in NYC couldn’t afford a 2% tax to help pay for free bus service for the unwashed masses.

If you can afford the $250k average per taxpayer per year, go ahead and write me that check. And another one every year. Which could go up a lot if the wealthiest decide to spend six months outside the state.

Otherwise, stop with this misleading nonsense.

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

What is misleading and what does your ramble even try to say? What check would I be writing to you? 2% for those making $1M or more, at $1M is $20K. 

You have the enormous ability to do complex things like logistics for following an international tour, but budgeting? That’s way off base. Able to afford all those tours but not able to budget a few k for whatever they call 401ks over there? Now I know why.


TaxMommy is looking to raise nine billion dollars impacting 130,000 taxpayers. According to his literature. And most of the corporate increases will be impacting the same people as the individual rate increases that you cited. Unless the corporations try to shift this new cost to customers and employees which is possible  lol.


Go ahead and do the maths. $9B over 130,000 taxpayers. Go out and prove the Ontario education system is obtaining good results.

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

Jealousy kills.

I’ll do the maths when I can find the abacus. Source for the second bold or at least an AI link? My dial up is spotty, been windy of late.

Wait, what? You support this but don’t bother to know the basic numbers!


” the wealthiest 1% of New Yorkers—those earning above $1 million annually.” His platform estimates this “millionaire tax” will raise $4 billion annually to help fund projects… The numbers, Mamdani says, mean that the tax would impact about 34,000 households. “This tiny share of the city population ”

that comes to $117k per taxpayer. Then there’s the near doubling of the corporate income tax collected “oh, we are just going to charge what NJ charges.” Which is a lie because when combining state and local, NY is higher now. The NJ rate is @ 11% and the combined NYS/NYC rate is @16% before his increases.


“ For instance, his platformstates that he will increase corporate taxes by more than a quarter (from 9% to 11.5%), and he expects this increase to generate 83% more corporate tax revenues ($6 billion to $11 billion). While there is room for interpretation and flexibility in estimates, these numbers do not appear to be accurate, and his platform offers little explanation or support for how they could be.”

so when you combine individual and corporate increases, assuming most of the wealth is owned by the same individuals, that’s where the $250k comes from,

of course corporations are free to pass on the increase to their customers, or cut employee raises, to fund the increased corp taxes, which defeats the entire purpose of this plan.

https://www.forbes.com/sites/kellyphillipserb/2025/11/06/will-mamdanis-proposed-millionaire-tax-save-or-sink-new-york-city/

https://poole.ncsu.edu/thought-leadership/article/paying-for-mamdanis-mayoral-vision/

* The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

The bold is bunk. You don't divide the $4B by number of households over $1M. Fuzzy maths. Again.

Without my abacus, it appears that you assume all 34,000 NY'ers that earn a million or more and will be taxed by raising the NYC income tax rate by 2%, earn $1M and not more, that there's not some percentage/number of NY'ers earning $2M, $5M, $10M, $20M, or $30M+ and some number in-between those amounts. 2% of $1M is $20K. Based on 2022 data, $3,045,440,000 could be raised by increasing the NYC tax rate by 2% and applying it to those earning $1M-$10M+ (33,765 individuals earning $1M+). So, I believe $4B is a realistic number given the 2022 data is 3 years old and the Bus Driver is working with newer data. 34,000 households do not an individual make, as some households probably have more than one individual that earns in that $1M-$10M+ range.

If they put $100,000 of their after tax income in the stock market and earn 8%, they can earn $8K of the tax charge back and forgo Starbucks and Dunkin' another $1,820 a year. How will they ever go on and NYC survive?

As for corporate taxes, CCOOTWH lowered corporate tax rates from 35% to 21%, a 14% decline. The Bus Driver wants to increase it 4.25% to 11.5%, same as Jeresy's and more in line with all neighboring states. That still leaves a net gain from CCOOTWH's tax cut of 9.75%. How will corporations ever survive and continue? Surely NYC will collapse as it did when the corporate rates were 10%-12% during the Ford fall down go boom years to the 1990's. But you knew that, eh?

I'm creating a Mamdani thread to keep it all in one place.

i said what you bolded, PER TAXPAYER. You changed that to per individual. That’s changing the meaning of what I said, and then you added some word salad almost completely devoid of meaning, with a range of various income levels meant to make a simple point appear confusing. So that could be a husband and wife. I’m sure they see their finances separately, I guess was your point?? . It’s almost impossible to comprehend the meaning of this, unless you think the children count separately. I’m saying per taxpayer simply because that’s the factual data available, not the income word salad you provided only to deceive.

Zohran said he is raising $4 billion from one percent of personal taxpayers, that comes out to $117k per, despite whatever word salad you come up with to obfuscate the truth.

that does not count the $5 billion increase to corporate taxes he is proposing, which could impact the same wealthy individuals. That’s five million dollars per business. Or they can easily pass that along to their customers or employees, defeating the purpose of his agenda.

and that does not include the additional $50 billion increase to the city’s debt he is proposing, which will more than triple the debt service costs of the city. Citing trumps tax cuts is even more dishonesty, because NY needs to be competitive with other states to keep jobs and business, and these proposals will bring NYC corp taxes at triple the national average, and one third higher than NJ, despite his lies about them being the same, because of the tiny fact he ignored that city corps also pay state rates. If it’s a great movement, why is there so much lying? 

from 2010 to 2022 NYC lost one third of its millionaires, and somehow the extreme left believe this will not continue nor accelerate.

If You really want to continue to debate this, take one fact at a time. His baseline argument is it will not impact that many which literally means the impact is huge on a per taxpayer basis, so only a few leave and it all falls apart. That’s simple logic. Start there. 

Halifax2TheMax

Lerxst1992 said:

Halifax2TheMax said:

Lerxst1992 said:

Halifax2TheMax said:

Lerxst1992 said:

Halifax2TheMax said:

Lerxst1992 said:

Halifax2TheMax said:

OnWis97 said:

Lots of people, and perhaps some animals, understand corporate shit more than I do.  But I also don't understand forking over an uncomprehensible amount of money to him. 

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

And if he lived in NYC couldn’t afford a 2% tax to help pay for free bus service for the unwashed masses.

If you can afford the $250k average per taxpayer per year, go ahead and write me that check. And another one every year. Which could go up a lot if the wealthiest decide to spend six months outside the state.

Otherwise, stop with this misleading nonsense.

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

What is misleading and what does your ramble even try to say? What check would I be writing to you? 2% for those making $1M or more, at $1M is $20K. 

You have the enormous ability to do complex things like logistics for following an international tour, but budgeting? That’s way off base. Able to afford all those tours but not able to budget a few k for whatever they call 401ks over there? Now I know why.


TaxMommy is looking to raise nine billion dollars impacting 130,000 taxpayers. According to his literature. And most of the corporate increases will be impacting the same people as the individual rate increases that you cited. Unless the corporations try to shift this new cost to customers and employees which is possible  lol.


Go ahead and do the maths. $9B over 130,000 taxpayers. Go out and prove the Ontario education system is obtaining good results.

 * The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

Jealousy kills.

I’ll do the maths when I can find the abacus. Source for the second bold or at least an AI link? My dial up is spotty, been windy of late.

Wait, what? You support this but don’t bother to know the basic numbers!


” the wealthiest 1% of New Yorkers—those earning above $1 million annually.” His platform estimates this “millionaire tax” will raise $4 billion annually to help fund projects… The numbers, Mamdani says, mean that the tax would impact about 34,000 households. “This tiny share of the city population ”

that comes to $117k per taxpayer. Then there’s the near doubling of the corporate income tax collected “oh, we are just going to charge what NJ charges.” Which is a lie because when combining state and local, NY is higher now. The NJ rate is @ 11% and the combined NYS/NYC rate is @16% before his increases.


“ For instance, his platformstates that he will increase corporate taxes by more than a quarter (from 9% to 11.5%), and he expects this increase to generate 83% more corporate tax revenues ($6 billion to $11 billion). While there is room for interpretation and flexibility in estimates, these numbers do not appear to be accurate, and his platform offers little explanation or support for how they could be.”

so when you combine individual and corporate increases, assuming most of the wealth is owned by the same individuals, that’s where the $250k comes from,

of course corporations are free to pass on the increase to their customers, or cut employee raises, to fund the increased corp taxes, which defeats the entire purpose of this plan.

https://www.forbes.com/sites/kellyphillipserb/2025/11/06/will-mamdanis-proposed-millionaire-tax-save-or-sink-new-york-city/

https://poole.ncsu.edu/thought-leadership/article/paying-for-mamdanis-mayoral-vision/

* The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

The bold is bunk. You don't divide the $4B by number of households over $1M. Fuzzy maths. Again.

Without my abacus, it appears that you assume all 34,000 NY'ers that earn a million or more and will be taxed by raising the NYC income tax rate by 2%, earn $1M and not more, that there's not some percentage/number of NY'ers earning $2M, $5M, $10M, $20M, or $30M+ and some number in-between those amounts. 2% of $1M is $20K. Based on 2022 data, $3,045,440,000 could be raised by increasing the NYC tax rate by 2% and applying it to those earning $1M-$10M+ (33,765 individuals earning $1M+). So, I believe $4B is a realistic number given the 2022 data is 3 years old and the Bus Driver is working with newer data. 34,000 households do not an individual make, as some households probably have more than one individual that earns in that $1M-$10M+ range.

If they put $100,000 of their after tax income in the stock market and earn 8%, they can earn $8K of the tax charge back and forgo Starbucks and Dunkin' another $1,820 a year. How will they ever go on and NYC survive?

As for corporate taxes, CCOOTWH lowered corporate tax rates from 35% to 21%, a 14% decline. The Bus Driver wants to increase it 4.25% to 11.5%, same as Jeresy's and more in line with all neighboring states. That still leaves a net gain from CCOOTWH's tax cut of 9.75%. How will corporations ever survive and continue? Surely NYC will collapse as it did when the corporate rates were 10%-12% during the Ford fall down go boom years to the 1990's. But you knew that, eh?

I'm creating a Mamdani thread to keep it all in one place.

i said what you bolded, PER TAXPAYER. You changed that to per individual. That’s changing the meaning of what I said, and then you added some word salad almost completely devoid of meaning, with a range of various income levels meant to make a simple point appear confusing. So that could be a husband and wife. I’m sure they see their finances separately, I guess was your point?? . It’s almost impossible to comprehend the meaning of this, unless you think the children count separately. I’m saying per taxpayer simply because that’s the factual data available, not the income word salad you provided only to deceive.

Zohran said he is raising $4 billion from one percent of personal taxpayers, that comes out to $117k per, despite whatever word salad you come up with to obfuscate the truth.

that does not count the $5 billion increase to corporate taxes he is proposing, which could impact the same wealthy individuals. That’s five million dollars per business. Or they can easily pass that along to their customers or employees, defeating the purpose of his agenda.

and that does not include the additional $50 billion increase to the city’s debt he is proposing, which will more than triple the debt service costs of the city. Citing trumps tax cuts is even more dishonesty, because NY needs to be competitive with other states to keep jobs and business, and these proposals will bring NYC corp taxes at triple the national average, and one third higher than NJ, despite his lies about them being the same, because of the tiny fact he ignored that city corps also pay state rates. If it’s a great movement, why is there so much lying? 

from 2010 to 2022 NYC lost one third of its millionaires, and somehow the extreme left believe this will not continue nor accelerate.

If You really want to continue to debate this, take one fact at a time. His baseline argument is it will not impact that many which literally means the impact is huge on a per taxpayer basis, so only a few leave and it all falls apart. That’s simple logic. Start there. 

* The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

Responded to this nonsense in the Mayor Elect thread where it belongs, rather than here in the Elon thread. Happy to discuss corporate taxes in NYC in that thread as you requested one subject at a time.