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'NYC is cooked': Business leaders and Wall Streeters erupt over proposed luxury second-home tax - Business Insider

'NYC is cooked': Business leaders and Wall Streeters erupt over proposed luxury second-home tax - Business Insider

LifestyleBy Katherine Tangalakis-Lippert4/17/20261 min read

Kathy Hochul and Zohran Mamdani ruffled some feathers when they introduced a proposal to tax secondary homes in New York valued at over $5 million.

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A New York City tax proposal targeting ultrawealthy homeowners is drawing fierce backlash from business and financial figures. "NYC is cooked," wroteAustin-basedentrepreneur Jason Calacanis in a pos