Calls To Tax Rich People's Second Homes In NYC Grow Louder

Capitalizing on public outrage over a billionaire’s purchase of a $238 million Manhattan penthouse as a part-time pad last month, City Council members are urging the state to pass a pied-à-terre tax, which would levy annual fees on secondary homes worth $5 million and up. [ more › ]

from Gothamist https://ift.tt/2T7MA9O