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Proposed 'Luxury Tax' on Houses over 5000 Square Feet
The Los Angeles City Council is thinking about next year's budget shortfalls from the slumping economy. One councilman already has a proposal for the municipal election , next March. Richard Alarcón has proposed a "luxury tax" on houses larger than 5000 square feet.
The Los Angeles City Council is thinking about next year's budget shortfalls from the slumping economy. One councilman already has a proposal for the municipal election, next March. Richard Alarcón has proposed a "luxury tax" on houses larger than 5000 square feet.
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