Listen to our friend Vicki Been ask about whether millionaires should get the New York City property tax circuit breaker. What is the circuit breaker? I suppose circuit breakers need some description nowadays, since they have become rare and shy of the Common People, as they call us. They are a cut off for the property tax based on your income. So if you make $400,000 a year and your net worth is $100 million dollars but your property tax is $120,000 a year, this question is asking should you qualify for the circuit breaker. What do you think? "In general that's a very specific question about whether the wealthy two hundred thousand four hundred thousand a year six hundred thousand a million a year should get a circuit breaker. Right there..."
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