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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

I am not a tax advisor, and anything I say here should not be relied on, and you should seek appropriate counsel. I am merely interpreting what I think are the critical issues established this proposed tax. And it is a marginal rate tax - only the amount above each threshold is taxed. Seriously.

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HOME BUYERS FACING ‘TRIPLE-WHAMMY’ EFFECT

Will Springer Realtor

This has resulted in major ownership costs on a typical home consuming 25% of the average national wage of $65,546, still within the 28% standard lenders prefer for homeowner expenditures (mortgage, home insurance and property taxes). >> Seattle metro experienced the greatest inflationary pressure than any major U.S.

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