Dave Portnoy slams blue state’s proposed fees on – Business News
Barstool Sports founder and outspoken “Swiftie” Dave Portnoy is fuming over what’s being coined because the “Taylor Swift tax.”
The proposed Rhode Island law would goal homeowners of luxurious second properties valued at over $1 million, imposing annual fees that might soar into the six-figures.
“We don’t like that tax, Stuart,” Portnoy mentioned during an interview on “Varney & Co.” “Now I don’t have any houses in Rhode Island, but I got some pretty close to Rhode Island. So, I don’t like those states getting the ideas.”
In 2013, Swift dropped roughly $17 million on a mansion within the unique Watch Hill space of Westerly, Rhode Island.
Because of the property’s sky-high worth, she might be hit with an further $136,000 in yearly taxes if the law passes.
Swift owns seven properties throughout the U.S., together with properties in New York City, Beverly Hills, Nashville, and Rhode Island.
As a second-home proprietor in Nantucket, Massachusetts, Portnoy voiced concern over Rhode Island’s proposed tax, jokingly hoping the New England state doesn’t get any concepts from it.
Outspoken “Swiftie” and Barstool Sports founder Dave Portnoy weighs in on what’s being coined because the “Taylor Swift tax.” FOX
The “Taylor Swift tax” would goal homeowners of luxurious second properties in Rhode Island valued at over $1 million with annual fees. Getty Images for The Recording Academy
“Now, I will say, if they name the tax in Massachusetts ‘the Dave Portnoy tax,’ my ego may let that slide,” he jested.
“That may be something where it’s like, I’ll pay a couple of hundred grand to have… ‘Oh, Dave has such big houses they named a tax after him.’”
In 2013, Swift dropped roughly $17 million on a mansion in Rhode Island. Richard Beetham / SplashNews.com
“Now I don’t have any houses in Rhode Island, but I got some pretty close to Rhode Island,” Portnoy mentioned. “So, I don’t like those states getting the ideas.” Getty Images
Portnoy owns properties in Miami, Saratoga Springs, Montauk, and Nantucket. His waterfront Nantucket property was bought for $42 million in 2023 — a record-breaking sale for each the island and the state.
For now, the businessman is content material along with his 4 properties.
“I’m not looking anywhere. I use my houses quite a bit,” Portnoy concluded.
