Members of the Hollywood elite are among those who have contrived to avoid the new “mansion tax” passed last year by Los Angeles voters — including some of the biggest names in Democratic Party fundraising circles.
Measure ULA went into effect on April 1, and ostensibly exists to raise money for low-income housing. But many of the rich and famous — who otherwise can be relied upon to flog left-wing causes — avoided the tax.
The Los Angeles Times notes that super-agent Ari Emanuel, among other Hollywood heavy hitters, sold their homes at steep discounts to avoid having to pay additional taxes that apply to homes above a certain price: Before Measure ULA took effect in April, some wealthy residents scrambled to avoid paying the new “mansion tax” that would fund affordable housing and homelessness prevention. Even celebrities known for their liberal ideals and humanitarian crusades […]
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