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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. "This is MAGA country!"

"This is MAGA country!"

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  • George KG Offline
    George KG Offline
    George K
    wrote on last edited by
    #1

    Chicago's Mayor Brandon Johnson tried to push through a referendum on taxes, whereby certain properties (>$1M) would be taxed at a higher rate.

    The measure, connected to real estate transfer taxes in the city, has also been referred to as a so-called "mansion tax."

    Rather than taxing property specifically, transfer taxes only apply when a property is sold, whether that be a residential or a commercial property.

    As things stand, all real estate transfers in the city are taxed at a rate of $3.75 per $500 of assessed value.

    Under the proposed referendum, that tax would have been changed to a graduated rate. For property values under $1 million, the tax rate would be $3 for every $500, a reduction of 20%.

    For property values over $1 million and under $1.5 million, the tax rate would increase to $10 per $500 in value, an increase of 166.67%. Finally, any value over $1.5 million would be taxed at a rate of $15 for every $500 in value, an increase of 300%.

    Under the terms of the proposed law, money would be used exclusively toward “any support provided by the city or a delegate agency selected by the city to people experiencing or at risk of homelessness, including providing permanent affordable housing and the services necessary to obtain and maintain permanent housing.”

    The goal, of course, was to help the Chicago Teaachers' Union homeless.

    It failed by a margin of 54% to 46%.

    So, why did it fail?

    Because of all the Trump voters in Chicago:

    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

    1 Reply Last reply
    • HoraceH Offline
      HoraceH Offline
      Horace
      wrote on last edited by
      #2

      I guess he's saying that those who are on the right are more likely to be Trump voters than those on the left are.

      I don't know, I would need to see some analytics to establish that.

      Education is extremely important.

      1 Reply Last reply
      • X Offline
        X Offline
        xenon
        wrote on last edited by
        #3

        Let's even say he was right. So what? Would they not be part of the electorate?

        1 Reply Last reply
        • HoraceH Offline
          HoraceH Offline
          Horace
          wrote on last edited by
          #4

          Tribal noises, is all. Reminding everybody about the political battle lines and how they relate back to the existentially threatening orange insurrectionist.

          Education is extremely important.

          1 Reply Last reply
          • MikM Offline
            MikM Offline
            Mik
            wrote on last edited by
            #5

            Yes. All Chicago’s many ills can be attributed to the orange guy.

            "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

            1 Reply Last reply
            • LuFins DadL Offline
              LuFins DadL Offline
              LuFins Dad
              wrote on last edited by
              #6

              Chicago had a shockingly low turnout in the election last week. It’s just possible that the 58 MAGA voters in the district made the difference.

              The Brad

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              • jon-nycJ Online
                jon-nycJ Online
                jon-nyc
                wrote on last edited by
                #7

                We have that ‘mansion tax’ in NY for houses over $1MM

                They’ll end up, after a lot of drama, with the same formula they use every time they have a trifecta: take away health care and food assistance from low income families and use the money to fund tax cuts for their donors.

                1 Reply Last reply
                • X Offline
                  X Offline
                  xenon
                  wrote on last edited by
                  #8

                  So the average 1BD apartments in NYC falls under the mansion tax? Pretty funny...

                  1 Reply Last reply
                  • AxtremusA Away
                    AxtremusA Away
                    Axtremus
                    wrote on last edited by Axtremus
                    #9

                    How would that work with "timeshares" and fractional ownership?

                    1 Reply Last reply
                    • jon-nycJ Online
                      jon-nycJ Online
                      jon-nyc
                      wrote on last edited by
                      #10

                      I hope they’re exempt. Time share owners get screwed enough as it is.

                      They’ll end up, after a lot of drama, with the same formula they use every time they have a trifecta: take away health care and food assistance from low income families and use the money to fund tax cuts for their donors.

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