Mamdani's New York is coming to tax your private jet.
5 months ago by UnderpantsWeevil to c/politics
To understand how a New York City private jet tax could actually be implemented, you need to understand who controls the airports.
The Port Authority is a bi-state agency jointly controlled by the governors of New York and New Jersey with an annual operating budget of $10.1 billion and a proposed $45 billion capital plan from 2026 – 2035. It operates JFK, LaGuardia, Newark Liberty, and Teterboro — all rated high tax-risk under current political conditions. Teterboro Airport, which does not allow scheduled airline flights and only services private flights, handles approximately 177,000 arrivals and departures annually.
Westchester County Airport (HPN) is not a Port Authority facility. It is owned and operated by Westchester County — outside Mamdani’s direct political sphere and outside the joint gubernatorial control structure of the Port Authority. This makes it the most insulated major reliever airport in the New York metro under current political conditions.
Republic Airport (FRG) on Long Island is New York State property — its vulnerability depends on whether Governor Hochul aligns with Mamdani’s agenda, which remains an open question.
Key policy context: The Port Authority has the authority to set fees, surcharges, and access terms at its facilities without requiring standard legislative processes in many scenarios. The question isn’t just whether a tax gets proposed — it’s whether the mechanism to implement it already exists. In many cases, it does.
This whole article just reads like a deaf man who can’t hear the woosh of a falling guillotine blade.
Right? Here's a good example:
If you own an apartment in New York and don’t live there full-time, you’re taxed. If your heirs inherit assets in New York, they’re taxed at thresholds that now reach the upper middle class. The logical extension of this trajectory — and the question the entire private aviation industry should be asking — is: what about the $70 million jet you landed at Teterboro this morning?
It's very interesting to see just how out of touch they are. You can even see him trying to appeal to non-billionaires by making it sound like he actually gives a fuck about them. "Omg, you're inheriting a million dollar property? How will you handle the taxes?!? 😱" Then quickly pivots to a more familiar scenario to people in his echelon: "what if I have to pay a fair tax on this ridiculous lifestyle I'm living?!?
its not the rich who live a ridiculous lifestyle. It you. Quit your job. Walk away. You don't need it.
This is such a funny thing to say lmao, if it's bait then it needs to be in a museum. Bravo Vince
"You're ridiculous for participating in the society you were raised in, how dare you. You need to run out into the woods like Ted Kaczynski, never pay taxes again, and survive like the kid from Hatchet. Oh? You have people that you care about? Just forget about them, duh. Oh? I'm a hypocrite because I'm typing this on a device that was obtained through said 'ridiculous lifestyle'? Nah, false equivalence. Just trust me, I'm basically Siddhartha Gautama. All I need is Lemmy."
I can't tell if you're serious or not.
Oh no, not my private jet…
Whatever is the world coming to?
If he pays his fair share of taxes... He would likely still own everything he owns but wouldn't have as many 0's adorning the big important number in his bank account. Just devestating to see someone forced to pay their fair share, lol
They probably aren't all private jets. A lot of people own small prop planes. It's not cheap, but you don't have to be a billionaire to fly.
I thought the number was higher, but it's 85% private jets and 15% small airplanes.
Lmao, exactly. Mamdani can tax all of my private jets at 100%* for all I care, and I’m not even in NY!
*I of course am a normal person, not a bloodsucking billionaire or whatever, and own 0 private jets, nor will I ever own one.
When my butler read this to me, I couldn't contain my outrage.
This is tax avoidance, not tax evasion. The goal is to avoid owing taxes, not to avoid paying taxes owed.
To the lowly taxpayer, it all looks the same, that they refuse to pay their fair share, but legally there's a pretty big difference.
I both love and hate it when Fortune forgets that The Poors can read their garbage too 😄
Let's be honest here, they didn't forget, they didn't even factor or care about the opinion of the working class. It's Fortune, not Pay Check to Pay Check magazine.
Good.
I'm stuck using paper straws all so some cunt can fly in private luxury?
Better! They figured out a vaccine for the virus that has been causing the majority of bee colony collapse and we’ve been seeing huge turnarounds. They treated them in my area and they have been flourishing this year, it’s been a huge relief to see them in healthy numbers again.
No fucking way, that’s badass! That brings me pure joy. Thank you for sharing that. Going to look for an article that covers this, curious how certain areas are recovering. Here in New York there’s a decent size group who been working really hard supporting the bees.
Good
Mamdami should be president
Unfortunately he’s wasn't born in the United States.
Go ahead. Tax every one I have.
Wait are people at fortune mad and scared?
That’s my fetish.
They are scared. Good.
What Smart Operators Are Doing Now
- Charter, don’t own — for New York trips. Ownership-based taxes require an owner. Charter clients flying on a per-trip basis have structural insulation from registration, basing, and ownership surcharges.
- Move your aircraft out of New York. If your aircraft is currently based or registered in New York State, that is your single largest exposure point. Florida, Pennsylvania, and New Hampshire are the most common rebasing destinations. Act before the rule is written.
- Know your airports. Teterboro (TEB) remains operationally superior but are Port Authority facilities and therefore in scope. Westchester (HPN) is the most insulated option available.
- Watch Albany, not just City Hall. Mamdani’s ability to implement airport-level taxes requires coordination with Governor Hochul and the New Jersey governor’s office. Monitor state budget negotiations closely.
This article really is written for the 1%.
It's written for the 1 percent but about 25 percent will gobble it down like a delicious boot
This makes me wonder why they would even have a 'magazine' that ultimately caters to such a small portion of people, surely they dont make money from ad revenue from people who dont really spend money the way we do?
Wouldnt they be better off having a highly exclusive member-only news site tailored for the top 5% which is subscription based and they just charge some bullshit price thats completely immaterial to their clients (but prohibitive to anyone un-intened) like $200k per year for access.
Having said this i also have no idea if this is already a thing, there literally could be something of this calibre where they have articles on the best tax havens and ads for private jets while us poors would never even know of their existence.
They can take my private jet from my cold dead hands..... once I buy one.
We need to find cheap and easy ways for everyday people to build MANPAD's explicitly to shoot down private jets. Make it so that pilots won't want to fly them, and the rich will be too scared
Oh no.
Lenny users
Lemmy's evil rich people only sister instance
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Oh no my private... Wait, I don't have a jet. And if I did, I could afford a tax.
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