Rich New Yorkers trying to dodge the new tax on second homes slam into a harsh reality

Source: Business Insider

Pacific Press/Getty; Getty Images; Tyler Le/BIAmong New York City's wealthiest homeowners, the stages of grief over the city's hotly contested "pied-à-terre tax" go something like this: First, anger at the chaotic rollout. Then denial, as they pepper lawyers and tax advisors with various versions of "How can they do this?" Bargaining follows, as they hunt for loopholes or long-forgotten documents to plead their cases. Some can afford to jump straight to the final stage: acceptance.