Fortune

New York belast luxe tweede huizen, niet het vermogen van rijken

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New York Governor Kathy Hochul has proposed a tax on luxury second homes worth over $5 million in New York City, expected to generate at least $500 million annually. The measure aims to address affordability concerns and appease progressive voters, though it falls short of Mayor Zohran Mamdani's broader goal of taxing the state's wealthiest residents. Critics warn the tax could drive wealthy individuals away from the city, while progressive groups argue the proposal doesn't sufficiently address the city's budget deficit or fund social programs.