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The Year of the 'Luxury Tax': Hundreds of Millions of Dollars Raised, But LA's Luxury Market Suffers a Cold Snap
The "Luxury Home Tax" raised about $215 million in its first year. Advocates say the tax helped solve L.A.'s housing crisis, but critics say it froze the real estate market.
Read MoreThe Year of the 'Luxury Tax': Hundreds of Millions of Dollars Raised, But LA's Luxury Market Suffers a Cold Snap