Lust for a New Tax on Real Estate Could Tempt Albany Next Year (The New York Sun)
Lust for a New Tax on Real Estate Could Tempt Albany Next Year (The New York Sun)
For some politicians, a capital gains tax on real estate transactions could be a tempting source of revenue if increased costs or deficits surface. According to the city’s department of finance, in the last three and a half years, real estate transfers in New York City would have generated a total of $4.3 billion in tax revenues if the Cuomo tax - the 10% tax on gains in real estate transfers in