Business & Economy · 1 views

New York City is floating a $500 million second-home tax — and it would hurt industries that support thousands of jobs

Surcharge on luxury units is a gamble that the ultrawealthy won’t leave for low-tax states.

Source MarketWatch AI Summary Updated April 18, 2026

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Freshness Stale Updated April 18, 2026

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AI Summary

Surcharge on luxury units is a gamble that the ultrawealthy won’t leave for low-tax states.

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