Seems taxing million-dollar homes in NYC is only the beginning

T. A. Gardner

Serial Thread Killer
NY's state government wants to slap a tax on all $1 million + cash home purchases now. Of course, this isn't going to work like they think it will. I can see purchasers of such homes slapping down say $990,000 in cash and taking out a mortgage on the rest then paying that off in full a year later avoiding the tax.



There's already specialty companies that will help New Yorkers avoid property and other taxes on their properties.


The Left never learns...
 
At its core, proposals like this are an attempt for politicians to look like they are addressing affordability issues without building new housing.
 
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