Re:Why Billionaires Don't Pay Property Taxes in New York
by ceejayoz on Tuesday May 12, 2015 @02:17PM
(#9533756)
> Wouldn't another city just adopt similar systems and over time start to attract billionaires?
They're willing to pay $100 million for apartments that'd probably go for a tenth or less of that in any other city. Let's not pretend having to pay a bit more tax is going to drive them to live in Tulsa. The prestige of living in NYC is the main draw, I'd imagine.
They're willing to pay $100 million for apartments that'd probably go for a tenth or less of that in any other city. Let's not pretend having to pay a bit more tax is going to drive them to live in Tulsa. The prestige of living in NYC is the main draw, I'd imagine.