New York Governor Proposing Tax on Second Homes Worth $5 Million or More

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quickly become one of the most talked-about fiscal ideas in the United States. Supporters call it fair. Critics call it dangerous. And everyone agrees on one thing: it could reshape how wealth, housing, and cities interact.

At the heart of the proposal is a simple question: should luxury homes that sit empty most of the year be treated the same as homes continue reading …

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