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LA Mansion Tax Cut Revenue by $452 Million
Gundlach says LA's mansion tax cut revenue by $452M in 3 years, blocked 9,100 homes and cost 16,650 construction jobs.
Key points
- The LA "Mansion Tax" in its first 3 years has resulted in a revenue DECREASE of $452 million.
- The LA "Mansion Tax" in its first 3 years has blocked 9100 new home constructions, 1000 of which were "affordable housing".
- The LA "Mansion Tax" in its first 3 years has lost 16,650 full time construction jobs.
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