Everyone wants to 'tax the rich.' In New York City, it's getting complicated

NYC is trying to tax luxury “pied‑à‑terres” (second homes owned by nonresidents) to raise about $500M a year.
Enforcement is messy — trusts, LLCs and informal living arrangements make it hard to tell who actually lives where.
The rollout sparked high‑profile backlash and lawsuits (and a controversial public list of potential targets), temporarily pausing the process.