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The highest bracket for property taxes for those proudly owning a number of homes was raised from three.2 p.c to 6 percent, real property gains earned by firms (as opposed to natural persons) shall be taxed for an additional 20 percent, and the top bracket for reward taxes was raised from 62 percent to seventy two %, to stop wealthier older people from giving money to their young kids to spend money on real estate of their names.

One early signal of downside acquired right here closing 12 months, really, with the shuttering of the tech weblog Gigaom, a failure that The New York Occasions stated portended

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