Los Angeles mansion tax brings home sales to a halt

A $5 MM home in LA’s best neighborhoods is far from lavish. You’re paying for the privilege of not residing in some God-forsaken place like Texas.

{{The “mansion tax,” formally called ULA, or United to House L.A., took effect April 1. It imposes a 4 percent tax on properties listed between $5 million and $10 million; at $10 million and above, the tax bumps up to 5.5 percent. }}



Proof that the Laffer Curve works.

Laffer Curve: History and Critique.

The Captain

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