{"id":104553,"date":"2023-05-20T09:25:10","date_gmt":"2023-05-20T09:25:10","guid":{"rendered":"https:\/\/showbizztoday.com\/index.php\/2023\/05\/20\/jay-z-and-beyonces-200m-mansion-purchase-generates-11m-in-tax-for-homeless\/"},"modified":"2023-05-20T09:25:10","modified_gmt":"2023-05-20T09:25:10","slug":"jay-z-and-beyonces-200m-mansion-purchase-generates-11m-in-tax-for-homeless","status":"publish","type":"post","link":"https:\/\/showbizztoday.com\/index.php\/2023\/05\/20\/jay-z-and-beyonces-200m-mansion-purchase-generates-11m-in-tax-for-homeless\/","title":{"rendered":"Jay-Z and Beyonc\u00e9’s $200M Mansion Purchase Generates $11M in Tax for Homeless"},"content":{"rendered":"

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Jay-Z<\/strong><\/a> and Beyonc\u00e9<\/strong><\/a>‘s historic actual property buy will do much more than simply give the well-known duo a spot to put their heads … it’s going to profit folks struggling in L.A. to the tune of a minimum of $11 million!!!<\/p>\n<\/section>\n

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If you did not know … L.A. County not too long ago rolled out a brand new “mansion tax” — including a 4% tax on properties that promote for $5 million or extra. The tax bumps to five.5% if the property sells for $10 million or extra.<\/p>\n<\/section>\n

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TMZ broke the story, Jay-Z and Beyonc\u00e9 bought their model new, 30,000-square-foot Malibu property for $200 million<\/strong><\/a> … which, with the brand new tax, will generate $11 million.<\/p>\n<\/section>\n

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