New York City is floating a $500 million second-home tax — and it would hurt industries that support thousands of jobs
New York City proposes a $500 million second-home tax on luxury units, risking job losses in supporting industries.
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new york city is considering a $500 million tax on second homes. the surcharge would target luxury units, betting that the ultra-wealthy won't leave for lower-tax states. the proposal's critics warn it could hurt industries that support thousands of jobs in the city.
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