What Is New York City’s ‘Pied-à-Terre’ Tax and Does India Have Anything Similar? NYC Mayor Zohran Mamdani proposes a pied a terre tax on vacant luxury homes over 5 million to raise revenue, experts compare it to India's tax on notional rent for third houses

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Zohran Mamdani responds after President Trump rips NYC mayor over tax the rich agenda "The president and I both want this city to succeed. This is how you do it," said Mayor Zohran Mamdani in response to President Trump's comments on Thursday.

#NYC Mayor #Mamdani pushed back after president Trump slammed his “tax the rich” agenda. Mamdani defended a pied-à-terre tax on luxury 2nd homes; it could raise $500M yearly to fund #Childcare, cleaner streets & safer neighborhoods.

#WealthTax #PublicFunds #PiedATerreTax

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