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'We're taxing the rich': NYC Mayor Mamdani touts new $500M-a-year tax on luxury second homes
NYC Mayor Zohran Mamdani celebrates Gov. Hochul's proposed tax on ultra-wealthy owners of luxury second homes, expected to raise $500 million a year.
New York City may add a tax on luxury second homes over $5 million. Here’s how the proposal works, who it affects, and what wealthy homeowners might do next.
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