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by JackFr
17 days ago
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It's a revenue policy. It's effectively a wealth tax, cleverly implemented largely within the existing tax regime. Ken Griffin spend 183 days a year in Florida, so he pays no NY state or NYC income tax. He does pay ~1.8% income tax on his $238 million home though. Now he will pay significantly more. (His property is also assessed at a far lower number.) |
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