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NYC’s Luxury Tax Sparks National Debate | Wilmington News
Published 1 week, 3 days ago
Description
New York City’s mayor, Zohran Mamdani, is rolling out a bold new tax targeting luxury second homes worth over $5 million, aiming to fund parks, schools, and childcare — but the move has ignited fierce backlash from billionaires and conservatives who call it a wealth tax that will drive the rich out and hurt the city’s economy.
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