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Mamdani targets billionaires with NYC's first pied-à-terre tax
New York City Mayor Zohran Mamdani and Governor Kathy Hochul have unveiled the city's first-ever pied-à-terre tax, targeting non-residents' luxury properties valued over $5 million.
Bill Ackman defends Ken Griffin's $238M penthouse from Zohran Mamdani's ...
Mamdani mentions Ken Griffin, CEO of the hedge fund Citadel LLC, by name in the announcement video. For much of the video, Mamdani stands outside Griffin's $238 million penthouse, which the mayor ...
Mamdani's Tax-the-Rich Plan Risks Driving Wealth Away
As a result, Manhattan became a destination for wealth and capital from all over the country - indeed, all over the world. The world loves New York! Now, 34-year-old Zohran Mamdani - who was an obscure backbencher in the state legislature at this time last year, cheerfully proposes turning back the clock.
NYC's new pied-à-terre tax targets $5M+ homes - MoneyWise
When Zohran Mamdani ran for New York City mayor, he promised (1) to tax the rich. On Tax Day 2026, he made good on it, and he's not being subtle about who he's coming for. The mayor, along with Governor Kathy Hochul, jointly announced (2) New York State's first-ever pied-à-terre tax: an annual surcharge on luxury second homes valued above $5 million, owned by people whose primary residence is ...
