'Million Dollar Listing' Star Josh Altman Blasts L.A.'s New Mansion Tax | TMZ Exclusive

L.A.'s new "mansion tax" is about to go into effect, forcing sellers to cough up a ton of cash if their property sells for at least $5 million ... and Josh Altman is one of many real estate agents who think it's absurd.

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[fflk]

You work for 40yrs to have $1M in your
retirement, meanwhile some people are putting just
$10K in a meme coin from just a few months ago and
now they are multimillionaires..

[shelleyobrien]

The federal government has sent billions too Los Angeles for the homeless problem and nothing is ever done; it’s worse. Where did all this money go? The stench from politicians back pockets is overwhelming

[ericinla]

BASIC HOUSES in L.A. don't cost over $5 Million, much less $10 Million. I have nice house in L.A. and it's worth $1.3 Million. 4 bedroom, 3 bathroom. 2, 700 square feet.

[MrMarkEdward]

This money will be squandered just like everything else. What’s the over/under on our homeless problem getting worse over the next 5 years.

[MrMarkEdward]

The bottom line is if you have money or a business with employees California is not your friend.

[heidi]

Let’s call it what it is: Newsom tax!!

[duckymomo]

Keep voting for them and keep getting the same old crap.

[nazarene]

Everything about California is beyond expensive and over price its been that ways for ever California, New York and New York are the beyond the most expensive places in the United States and that's for everything food personal hygiene products, food, utilities, rent etc so why feel some type of way about???

[JukeboxWithJay]

“I just don’t know how it works” pretty much sums it up

[jennifersun]

well mansion tax exists in nyc, the threshold is only $1M!! so that means everything including a studio will be taxed!!!

[Ky-tlps]

Boohooo, why won’t people ever look after the rich people buying 10 million dollar homes 😢😢😢

[MissKarianaS]

Imagine how lower income to mid income people feel when they have to pay half there paycheck on Taxes because the made too much money??? That doesn’t even make since.

[blippacg]

California doesn't need to throw more money at homelessness. Those people are there because politicians want them there. Politicians make it easy for people to live on the street. You can spend $1 trillion on LA's homeless and nothing will change. Keep making it easy for the country's bums to live in LA and that's what you'll get. This is what voters are choosing so it doesn't really matter what taxes the politicians come up with. Voters and politicians are massive enablers for the homeless.

[charleybarley]

Headline from LA Times today, a year after this vid went up, re a nonprofit called Shagri-la Industries which Gavin gave your Mansion Tax $ to: "But instead of creating hundreds of housing units for some of California’s neediest individuals, the projects became mired in financial disarray. Today most sit empty and unfinished."

[h.m.sanchez]

Government is slow to act but quick to charge you more taxes.

[hrufhduehveugrhhty]

This is called Exit Tax. Love it or Hate it. It's on the table.

[keith]

It is LA city, not LA county. Cities like Beverly Hills, Malibu, San Marion are not part of LA city. Majority of rich people in LA actually don’t live in LA city.

[jeffheinzel]

Altman worried about his bottom line not anyone else

[ken]

He's right, everyone will pay for it. Tax you ask the poor to agree to take from the rich is always agreed to, because it's not them paying the price. That's what they think anyway. Of course as prices go up and later all homes are over $5 million it will effect all houses. This is the same way income tax came into effect in the the first place. Voted to tax people who are rich only and that made over $10, 000. Of course now even part time on minimum wage is that . The people voting to have other's pay a tax is used by government to trick people a lot. People think the good idea is good if others pay. But it's a game to get everyone . Don't think for a second that wont apply to homes the poor need too. Even if they rent and landlord s have to pay this to get a place to rent out. This is one more reason to not produce rentals in LA. Shortages are what you're really making and what is really causing homelessness.

[markmyjak]

Whose going to buy knowing in the future you will be subjected to the tax.