The pied a tear tax is for people who have a second residence in New York. We've talked about it for years. The there's only 13,000 people who are going to pay this tax. The tax only raises 500 million tops. Some people say no more than 200 million. 500 million is a rounding error in the city budget. It's $115 billion. What is 500 million.4%? It's not about the money. He wanted to say tax the rich. (04:12–04:20)
CLAIM
Asserts that the pied a terre tax will raise between $200 million and $500 million.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
