Barstool Sports activities founder and outspoken “Swiftie” Dave Portnoy is fuming over what’s being coined because the “Taylor Swift tax.”
The proposed Rhode Island legislation would goal homeowners of luxurious second houses valued at over $1 million, imposing annual charges that would soar into the six-figures.
“We don’t like that tax, Stuart,” Portnoy stated throughout 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.
Due to the property’s sky-high worth, she may very well be hit with a further $136,000 in yearly taxes if the legislation passes.
Swift owns seven houses throughout the U.S., together with properties in New York Metropolis, 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.
“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.’”
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 together with his 4 houses.
“I’m not looking anywhere. I use my houses quite a bit,” Portnoy concluded.
