New York's Millionaire Exodus Is Costing Billions In Lost Revenue

New York budget deal includes pied-à-terre tax on luxury second homes but no broad income tax hike on wealthy

New York state lawmakers are expected to place a new tax on luxury second homes in New York City, appeasing Mayor Zohran Mamdani and his pro

Manhattan Luxury Real Estate Booms Despite New Pied-à-Terre Tax

Despite the new pied-à-terre tax, Manhattan's ultrahigh-end luxury market remains incredibly robust, say experts.

New York City passes pied-a-terre tax targeting luxury second homes; Ken Griffin's tax bill would more than triple

Citadel CEO Ken Griffin became the face of the tax after New York City Mayor Zohran Mamdani posted a video in front of Griffin's penthouse a

Economists challenge claims of millionaire flight from New York over proposed tax increases

For many weeks, a high profile debate over the economic impacts of millionaire tax migration on New York has played out in the realm of publ

NYC Is Going to Lose Billions Thanks to Mamdani's Tax-the-Rich Scheme

New York’s Share of U.S. Millionaires Declines, Study Estimates $10.7 Billion Tax Revenue Loss

(NaturalNews) A study released by the Citizen Budget Commission found that New York's share of the nation's millionaires declined substantia