Housing Inequality

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‘Taylor Swift Tax’ spreading to 2 other states — realtors warn it could scare rich US homeowners. Fair tax or cash grab?
Yahoo Finance· 2025-09-23 18:33
"By asking these owners to pay their fair share, Rhode Island can generate much-needed revenue and prevent cuts to essential services like healthcare and education," Kallman said.Lawmakers are leveraging this new tax to try and address the housing affordability crisis. Rhode Island Senator Meghan Kallman told Newsweek [3] that Rhode Island’s current tax system is “upside-down.”Rhode Island’s newly enacted levy on second homes, dubbed the ‘Taylor Swift Tax’ [1] because of the pop star’s Watch Hill beach hous ...