Manhattan Club Lawsuit

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Re: Manhattan Club Lawsuit (by Steven W):

You fail to consider the income tax deductibility of your real estate taxes (part or all of your maintenance fees). If you’re in say the 33% top bracket, and pay $2500/yr., you’re really out-of-pocket $1700, or about $250/night.much less than NYC hotel room. Same is true even if your average tax bracket is 25%.