Category: tax incentives

Juicy rationalization: Part 2, Just change one screw

6 November, 2012 (09:10) | Co-ops, Condos, Incentives, Local issues, Loopholes, New York City, real estate taxation, Rent control, tax incentives, tax shelters, Theory, US News |

[Continued from yesterday's Part 1.] By:David A. Smith   I don’t know who to trust.  I don’t know who likes me. Well, you don’t have that problem here.  You know I don’t like you. –The Big Chill   Yesterday’s post demonstrated, as evidenced but not analyzed in a New York Times (October 15, 2012), that [...]

Juicy rationalization: Part 1, New York’s $37,500,000 gift to Sandy Weill

5 November, 2012 (16:44) | Co-ops, Condos, Incentives, Local issues, Loopholes, New York City, real estate taxation, Rent control, tax incentives, tax shelters, Theory, US News |

By:David A. Smith   “Rationalization is more important than sex.” “Come on, nothing’s more important than sex.” “Oh really?  Have you ever gone a week without a rationalization?  Personally, I can’t get through a day without three or four really juicy rationalizations.” –The Big Chill   While for every loophole there may be a hundred [...]