NY’s Proposed Pied-à-Terre Tax: The Inescapable Burden for Billionaires
**NY’s Proposed Pied-à-Terre Tax: The Inescapable Burden for Billionaires** Key Takeaways: New York proposes a pied-à-terre tax—an annual surcharge on second homes valued above $5 million. The tax is designed around assets that the wealthy don’t want to leave for another place of residence, such as their homes in culturally significant cities. A significant exodus … Read more