"What people don't realize," Penn Wharton Budget Model director Kent Smetters told Fortune, is there's "just not as much ...
Billionaires live under "buy, borrow, die," and California's wealth tax wouldn't touch that. An estimated $1 trillion of ...
KTVU FOX 2 San Francisco on MSN
Proposed California billionaire tax sparks sharp reaction among elite, politicians
A proposed ballot measure to tax California’s billionaires is drawing sharp reactions. Supporters call it a lifeline for ...
The leading proponents of a wealth tax have released a new study claiming that billionaires pay lower tax rates than the average American taxpayer. The study is co-authored by the UC Berkeley ...
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. California has long been the land of high taxes. Its top 13.3% ...
The Daily Overview on MSN
California's wealthy are quietly bolting as a wealth tax heats up
California's richest residents are not waiting to see whether voters will actually approve a one-time levy on billionaires.
Last week, the state’s Legislative Analyst’s Office released its initial description of the “2026 Billionaire Tax Act,” a one-time, 5 percent tax on these individuals’ net wealth. Its conclusions ...
This is read by an automated voice. Please report any issues or inconsistencies here. A proposed one-time 5% wealth tax on billionaires could raise $100 billion for healthcare while threatening to ...
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