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Luxury Tax Boom Signals Record Year In New York
New York reports luxury buying at an annual rate of 1.2 billion with luxury taxes rising to new highs. Revenue chief William B. Edwards notes April likely to surpass all records, driven by jewelry, furs, cars, and even small items like ice cream sodas. He explains deductions for luxury taxes reduce income tax, while enforcement remains straightforward and honest.
MENTIONED IN THIS ARTICLE
New York
William B
Stoi
Borouch
Manhattan
Father Knickerbocker
U.S.A
Druszis