Bezos' Bait and Switch: A Taxing Exercise in Evasion Jeff Bezos has weighed in on the proposed pied à terre tax in New York City, which would levy an annual surcharge on non primary residences valued at $5 million or more.
The Amazon founder, who owns a residence in the city, praised the concept while criticizing its implementation as "wasteful" and potentially economically crippling. Bezos' comments are riddled with contradictions.
He likens the tax proposal to an overzealous hotel tax hike that might deter tourists, equating luxury residences with lowly hotels.