Wealthy Cape Cod Residents Racing to Sell Their Mansions Over Proposed ‘Taylor Swift Tax’ Style Duty
31st August 2025
The Daily Mail (UK).
Wealthy Cape Cod residents are scrambling over proposals for a ‘Taylor Swift tax’-style duty on their pearly coastal mansions.
The measure is designed to help locals who say the housing market in the millionaire’s playground, where homes have an average value of $755,000, is pushing them out.
The proposal is looking to tack on a two percent surcharge on luxury homes that sell for more than $2million, which would generate up to $56million a year.
The millions earned by the Massachusetts peninsula would be used for affordable housing.
Taxachusetts lives up to its name. Time to leave.