Starting in the 1970s, NYC added a 4% tax on top of retail rents. For example, if a store pays $100k/year in rent, it pays NYC $4k in tax. Retailers hate this tax today because Amazon takes a lot of their business.
What does NYC do today? NYC gives Amazon $38m in tax credits. Credits are literal dollars. They are 3x more powerful than a write off. NYC should stop offering corporate welfare to Amazon and end the 1970s tax on retail businesses. NYC is literally stealing money from David ...
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September 11, 2017
September 11, 2017
I thought someone called me "honey" at Javits a few weeks back. It turns out she was referring to the rooftop. Good work Javits on using that wonderful space to support local ecology and gastronomy.
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