Bezos Backs New York's $5 Million Second-Home Tax as He Defends Griffin's $238 Million Penthouse
Updated
Updated · Business Insider · May 20
Bezos Backs New York's $5 Million Second-Home Tax as He Defends Griffin's $238 Million Penthouse
7 articles · Updated · Business Insider · May 20
Jeff Bezos said New York's proposed pied-à-terre tax is "a fine thing," backing a levy on city homes worth more than $5 million that are not primary residences.
Bezos, whose main residence is in Florida and who owns New York property, compared the plan to a hotel tax on out-of-towners and said such taxes work only if kept judicious.
Ken Griffin became Bezos's main point of disagreement with Mayor Zohran Mamdani after the mayor highlighted Griffin's $238 million penthouse as a target of the tax.
Citadel has already warned it could reconsider a $6 billion Midtown redevelopment project after Mamdani's comments, underscoring the business backlash around a tax that still needs legislative approval.
Will New York's tax on luxury second homes fix its budget, or just turn billionaires into landlords?
Why is Jeff Bezos supporting a 'tax the rich' plan that could directly affect his own real estate?