That's gotta hurt! LA's wealthiest set to lose up to $8.5 MILLION as new California mansion tax hits
Los Angeles' wealthiest homeowners are set to lose a fortune after the West Coast hotspot introduced a 'mansion tax' on its lucrative property market. The policy, which came into effect April 1, will see the city take a 4 percent cut of all home sales between $5 million and $10 million. And for…
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