Mega-millionaire residents of Manhattan's finest luxury towers pay less of their income in federal taxes than the janitors in their towers do. Once upon a time, we had a law that discouraged that distinction.
In other words, the residents of the Helmsley reported around 35 times more income than their janitors and 42 times more than their security guards, yet paid a substantially smaller share of their incomes in federal taxes.
Residents at the Helmsley are truly doing their building’s namesake proud.
“We don’t pay taxes,” as billionaire real estate baroness Leona Helmsley loved boasting. “The little people do.”
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