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L.A.’s rich are already scheming ways to avoid new 'mansion tax'

Por: Los Angeles Times Nation December 15, 2022

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Death and taxes are life’s two certainties — but not if the rich can help it. Just weeks after Los Angeles voters backed a new measure that puts a one-time transfer tax on property sales above $5 million to generate money for affordable housing and homelessness prevention, the city’s affluent homeowners are exploring potential ways of avoiding the tax. Known as Measure ULA — for “United to House LA” — the ordinance marketed as a... + full article



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