Reposted by MusicCityBlue
"A $12 million, single-family pied-à-terre, for instance, would be subject to a $75,000 tax bill"
This is a rounding error for these people.
www.wsj.com/real-estate/...
wsj.com
NYC’s Pied-à-Terre Owners Hunt for Creative Ways to Dodge New Tax
Owners of second homes are “apoplectic” over the levy. Some are highlighting flaws to try to reduce their home’s value or moving in family members.
