Zohran Mamdani introduces pied-a-terre tax; what did New York mayor say on taxing the rich — ‘Will raise $500 million’

Zohran Mamdani introduces pied-a-terre tax; what did New York mayor say on taxing the rich — ‘Will raise $500 million’

New York City Mayor Zohran Mamdani introduced a pied-a-terre tax targeting luxury secondary residence worth over $5 million. This tax aims to generate $500 million for infrastructure and public services.

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