For months, New York Gov_ Kathy Hochul has resisted calls to increase taxes on the wealthy, beating back progressives who have hounded her from Manhattan to San Juan bellowing chants of “tax the rich.”
New York governor pitches a new tax on pricey pied-à-terres
New York Governor Kathy Hochul proposed a tax on high-value pied-à-terres, addressing wealth inequality but potentially exposing sensitive property data due to increased scrutiny and public records requests. The tax policy targets luxury second homes owned by affluent individuals, raising concerns about privacy breaches and targeted phishing attacks against property owners. Affected stakeholders include real estate firms, wealthy property owners, and government tax databases.