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Taylor Swift Tax Leaves Rhode Island Reeling
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Subscribe03 SEP 2025 / ACCOUNTING & TAXES
CPE Approved
The so-called "Taylor Swift Tax," a surtax on luxury second homes initially enacted in Rhode Island, is spreading across the US, affecting celebrities and high-net-worth individuals. This development, named after Taylor Swift's $17 million Rhode Island mansion, highlights states' attempts to generate income by capitalizing on high-end real estate, with implications for accountants, brokers, and wealthy clients.
Taylor Swift has already rewritten the record books with her Eras Tour, her re-recorded albums. Now she’s unwittingly lending her name to a new hit: the “Taylor Swift Tax,” a surtax on luxury second homes that’s spreading faster than a chart-topping singl...
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