Posted by Leonard Steinberg of URBAN COMPASS on November 19th 2014 New York City imposes a 1% tax on apartments selling for $1 million or more. It is called a MANSION TAX. It is a disguised additional tax as we all know all to well that there is no such thing as a mansion in… [Read More]
MANSION TAX FRAUD? HMMMMMMM……
Posted by Leonard Steinberg on March 20th, 2014 Mansion Tax is imposed on properties sold in New York State costing $1 million or more: has anyone seen a mansion anywhere in Manhattan, Queens, Brooklyn or the Bronx for $1 million? In other words, this MANSION TAX is simply a disguise for another tax that hurts the… [Read More]
MORE 421-A TAX ABATEMENT LIES
Posted by Leonard Steinberg on November 18th, 2013 Life in real estate land involves many liars and lies. It is especially bad when these lies are summarized and printed as truth by a major newspaper. THE NEW YORK POST just reported how the millionaires will pay NO real estate taxes for 10 years in super-luxury… [Read More]
DE BLASIO LUXURY CONDOMINIUM TAX REVENUE WINDFALL
Posted by Leonard Steinberg on November 13th, 2013 Mayor-elect Bill de Blasio may be thanking the creators and buyers of luxury condominiums soon: Over the next 24 months, the City and State of New York stands to collect close to a half a billion dollars in taxes from the construction and delivery of roughly… [Read More]
MEDIA INACCURACIES – IS IT GETTING WORSE?
Posted by Leonard Steinberg on April 8th, 2012 Is the media in its attempts to remain profitable in a digital world diminishing in accuracy? NBC highlighted this phenomenon this week with the Trayvon Martin shooting. With fewer staff and less time to report accurately and check facts, and with so much information out there, I… [Read More]