#wealthy-residents
#wealthy-residents

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The One Tax the Rich Can't Escape

The design of taxes for the wealthy should focus on assets they value, like homes in major cities, to prevent migration.

Kathy Hochul proposes a surcharge on NYC pied-à-terres over $5 million, estimated to raise $500 million annually.

A proposed tax on second homes over $5 million aims to raise $500 million for NYC's budget but may harm the housing market.

Kathy Hochul proposes a surcharge on NYC pied-à-terres over $5 million, estimated to raise $500 million annually.

A proposed tax on second homes over $5 million aims to raise $500 million for NYC's budget but may harm the housing market.

New York Governor proposes a tax on second homes over $5 million to raise revenue from wealthy residents.

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