Estate Tax exemption lowered from 7 million to 750,000
Estate Tax rates raised with highest going from 16% to 50%
I did say I wanted Mamdani to win so we can see how "Democratic Socialism" is applied in real time. I guess we will see how this turns out.
For comparison purposes the price of a standard 1 br apartment is 800k to 2m in NYC.
Well we gotta go after those billionaires.