Trump/Admin Policies

Poncier · 1:22PM

Gern Blansten said:

A $150,000 mortgage at 7 % has a payment of $998 over 30 years

over 50 years the payment is $903

MONUMENTALLY STUPID

Would only cost an added $182,600 plus 20 added years of making payments to borrow that 150K (and let's face it the average mortgage is close to double that 150K mark at this point).

First time home buyers rejoice! You can be in debt through half of your retirement years now under this brilliant plan.

josevolution · 1:44PM

What a dick he is! It’s called Veterans Day to celebrate all uniformed personnel no matter what war they were in or not period!

Poncier · 1:58PM

josevolution said:

What a dick he is! It’s called Veterans Day to celebrate all uniformed personnel no matter what war they were in or not period!

His next choice for the new holiday name was "Suckers and Losers Day".

Lerxst1992 · 2:03PM

Tim Simmons said:

No one who is wealthy that lives in NYC will leave NYC. They choose to be there for a reason and the current tax rate doesn't bother them a new one won't be the breaking point.

Who says leave? I’ve been saying limit to 182 days or less in state.

and it’s completely up to the wealthy. Not you, not me, not ZM. But them.

its the simplest type of tax to avoid, and since the wealth is concentrated at the top, and it’s their decision, only a small percent leave, the city risks default, it’s happened before. And the USA already has the most progressive tax system in he world.

Gern Blansten · 2:06PM

josevolution said:

What a dick he is! It’s called Veterans Day to celebrate all uniformed personnel no matter what war they were in or not period!

Just amazing how a douche like that can turn Veterans Day into a dumbass political speech....he was celebrating war, celebrating how tough he is....pathetic

Lerxst1992 · 2:10PM

Gern Blansten said:

NY tax is 10.7% of taxable income if you live in NYC

Could be worse

No, that must be more Mamdani math, state plus city is 14.8% and 16.8% if he gets his increases. And if they own a corp, that will pay triple the national average? Thats a ton of state and local tax.

like there is zero incentive to limit in state days

https://www.nerdwallet.com/taxes/learn/new-york-state-tax

” New York City tax rates are 3.078%, 3.762%, 3.819% and 3.876% for the 2024 tax year (taxes filed in 2025)

[4]

. These are additional taxes NYC residents are subject to on top of what they owe to New York State.

Gern Blansten · 2:33PM

Lerxst1992 said:

Gern Blansten said:

NY tax is 10.7% of taxable income if you live in NYC

Could be worse

No, that must be more Mamdani math, state plus city is 14.8% and 16.8% if he gets his increases. And if they own a corp, that will pay triple the national average? Thats a ton of state and local tax.

like there is zero incentive to limit in state days

https://www.nerdwallet.com/taxes/learn/new-york-state-tax

” New York City tax rates are 3.078%, 3.762%, 3.819% and 3.876% for the 2024 tax year (taxes filed in 2025)
[4]
. These are additional taxes NYC residents are subject to on top of what they owe to New York State.

I pulled my figure from a tax return I prepared for an NYC resident. Tax was 10.7% of taxable income

I did at least three NYC resident returns last year....all three at 10.7%

NY State tax is 6.85% and NYC is 3.85%

gimmesometruth27 · 2:49PM

josevolution said:

Jan. 6 defendant accused of firing gun during riot arrested on kidnapping, sexual assault charges
https://share.google/AlgfinE7Dg96sWNxg
Ahh what a surprise ha but he was only a tourist on 1/6

only the best people support trump.

tempo_n_groove · 3:02PM

Gern Blansten said:

A $150,000 mortgage at 7 % has a payment of $998 over 30 years

over 50 years the payment is $903

MONUMENTALLY STUPID

In what year is a mortgage 150k? Maybe for a doublewide it's that much.

Gern Blansten · 3:07PM

tempo_n_groove said:

Gern Blansten said:

A $150,000 mortgage at 7 % has a payment of $998 over 30 years

over 50 years the payment is $903

MONUMENTALLY STUPID

In what year is a mortgage 150k? Maybe for a doublewide it's that much.

not sure what you mean

My mother in laws house just sold for $116K....FIL house probably selling for $70K

Gern Blansten · 3:11PM

Looking at a $400K mortgage @ 7%

30 year $2,661
50 year $2,407

so 20 extra years of paying $2,407/month instead of an extra $254

mace1229 · 3:47PM

Poncier said:

Gern Blansten said:

A $150,000 mortgage at 7 % has a payment of $998 over 30 years

over 50 years the payment is $903

MONUMENTALLY STUPID

Would only cost an added $182,600 plus 20 added years of making payments to borrow that 150K (and let's face it the average mortgage is close to double that 150K mark at this point).

First time home buyers rejoice! You can be in debt through half of your retirement years now under this brilliant plan.

The average home is about $500,000 now. Many don't put the traditional 20% down (I mean, it's kinda hard to save up 100k in cash).
So I would imagine the average mortgage is even higher than 300k, probably 400 or 450. For a new purchase anyway, not counting people who have owned a home for years.
That is nuts how small of a difference the 50 years makes in the monthly payments.

mace1229 · 3:52PM

Gern Blansten said:

tempo_n_groove said:

Gern Blansten said:

A $150,000 mortgage at 7 % has a payment of $998 over 30 years

over 50 years the payment is $903

MONUMENTALLY STUPID

In what year is a mortgage 150k? Maybe for a doublewide it's that much.

not sure what you mean

My mother in laws house just sold for $116K....FIL house probably selling for $70K

A house for 150k is like a narwhal. I'm pretty sure they really exist, but I've never actually seen one.

nicknyr15 · 4:03PM

mace1229 said:

Poncier said:

Gern Blansten said:

A $150,000 mortgage at 7 % has a payment of $998 over 30 years

over 50 years the payment is $903

MONUMENTALLY STUPID

Would only cost an added $182,600 plus 20 added years of making payments to borrow that 150K (and let's face it the average mortgage is close to double that 150K mark at this point).

First time home buyers rejoice! You can be in debt through half of your retirement years now under this brilliant plan.

The average home is about $500,000 now. Many don't put the traditional 20% down (I mean, it's kinda hard to save up 100k in cash).
So I would imagine the average mortgage is even higher than 300k, probably 400 or 450. For a new purchase anyway, not counting people who have owned a home for years.
That is nuts how small of a difference the 50 years makes in the monthly payments.

No matter what principle example is used it will always add up to a financially irresponsible result.

Gern Blansten · 4:04PM

mace1229 said:

Gern Blansten said:

tempo_n_groove said:

Gern Blansten said:

A $150,000 mortgage at 7 % has a payment of $998 over 30 years

over 50 years the payment is $903

MONUMENTALLY STUPID

In what year is a mortgage 150k? Maybe for a doublewide it's that much.

not sure what you mean

My mother in laws house just sold for $116K....FIL house probably selling for $70K

A house for 150k is like a narwhal. I'm pretty sure they really exist, but I've never actually seen one.

It just depends on where you are at. That $116K house in my city would be closer to $400K

They live in a small town NW of Dayton, OH.

Lerxst1992 · 4:51PM

Gern Blansten said:

Lerxst1992 said:

Gern Blansten said:

NY tax is 10.7% of taxable income if you live in NYC

Could be worse

No, that must be more Mamdani math, state plus city is 14.8% and 16.8% if he gets his increases. And if they own a corp, that will pay triple the national average? Thats a ton of state and local tax.

like there is zero incentive to limit in state days

https://www.nerdwallet.com/taxes/learn/new-york-state-tax

” New York City tax rates are 3.078%, 3.762%, 3.819% and 3.876% for the 2024 tax year (taxes filed in 2025)
[4]
. These are additional taxes NYC residents are subject to on top of what they owe to New York State.

I pulled my figure from a tax return I prepared for an NYC resident. Tax was 10.7% of taxable income

I did at least three NYC resident returns last year....all three at 10.7%

NY State tax is 6.85% and NYC is 3.85%

Yes that’s the middle class rate. I’ve been commenting on the new wave in nyc that wants to increase tax on wealth, in the country that already has the most progressive tax system on earth, meaning the wealthy already pay a higher share of overall taxes. These folks can move to TX or FL and save millions and millions.

for the high wealth individuals ZM is targeting, they would pay nearly 17% state and local. Many states charge zero, and already have more affordable housing

Gern Blansten · 4:54PM

Lerxst1992 said:

Gern Blansten said:

Lerxst1992 said:

Gern Blansten said:

NY tax is 10.7% of taxable income if you live in NYC

Could be worse

No, that must be more Mamdani math, state plus city is 14.8% and 16.8% if he gets his increases. And if they own a corp, that will pay triple the national average? Thats a ton of state and local tax.

like there is zero incentive to limit in state days

https://www.nerdwallet.com/taxes/learn/new-york-state-tax

” New York City tax rates are 3.078%, 3.762%, 3.819% and 3.876% for the 2024 tax year (taxes filed in 2025)
[4]
. These are additional taxes NYC residents are subject to on top of what they owe to New York State.

I pulled my figure from a tax return I prepared for an NYC resident. Tax was 10.7% of taxable income

I did at least three NYC resident returns last year....all three at 10.7%

NY State tax is 6.85% and NYC is 3.85%

Yes that’s the middle class rate. I’ve been commenting on the new wave in nyc that wants to increase tax on wealth, in the country that already has the most progressive tax system on earth, meaning the wealthy already pay a higher share of overall taxes. These folks can move to TX or FL and save millions and millions.

for the high wealth individuals ZM is targeting, they would pay nearly 17% state and local. Many states charge zero, and already have more affordable housing

yeah these aren't middle class people...and of course the wealthy pay a higher share. That's the idea...our tax system is a wherewithal to pay system...the more you make the more you pay

josevolution · 5:04PM

Gern Blansten said:

josevolution said:

What a dick he is! It’s called Veterans Day to celebrate all uniformed personnel no matter what war they were in or not period!

Just amazing how a douche like that can turn Veterans Day into a dumbass political speech....he was celebrating war, celebrating how tough he is....pathetic

Not to mention Vietnam Korean War operation desert storm is utterly offensive to those lost in battle in these wars! I just can’t square how as a veteran you can vote for this idiot 🤷‍♂️

Lerxst1992 · 5:05PM

Gern Blansten said:

Lerxst1992 said:

Gern Blansten said:

Lerxst1992 said:

Gern Blansten said:

NY tax is 10.7% of taxable income if you live in NYC

Could be worse

No, that must be more Mamdani math, state plus city is 14.8% and 16.8% if he gets his increases. And if they own a corp, that will pay triple the national average? Thats a ton of state and local tax.

like there is zero incentive to limit in state days

https://www.nerdwallet.com/taxes/learn/new-york-state-tax

” New York City tax rates are 3.078%, 3.762%, 3.819% and 3.876% for the 2024 tax year (taxes filed in 2025)
[4]
. These are additional taxes NYC residents are subject to on top of what they owe to New York State.

I pulled my figure from a tax return I prepared for an NYC resident. Tax was 10.7% of taxable income

I did at least three NYC resident returns last year....all three at 10.7%

NY State tax is 6.85% and NYC is 3.85%

Yes that’s the middle class rate. I’ve been commenting on the new wave in nyc that wants to increase tax on wealth, in the country that already has the most progressive tax system on earth, meaning the wealthy already pay a higher share of overall taxes. These folks can move to TX or FL and save millions and millions.

for the high wealth individuals ZM is targeting, they would pay nearly 17% state and local. Many states charge zero, and already have more affordable housing

yeah these aren't middle class people...and of course the wealthy pay a higher share. That's the idea...our tax system is a wherewithal to pay system...the more you make the more you pay

Referring to extreme wealth, which is the current nyc issue. The plan is very few taxpayers, less than 2000, will be funding the majority for billions in new government programs. It’s become a very hot topic from the left online.

The US middle class pays one of the lowest percents of gdp to its nations tax collections, and nyc thinks it’s smarter to charge the elite wealthy more, as opposed to them simply spending less than 182 days in the state to skirt the tax.

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