California's controversial wealth tax proposal leaves billionaires with little way out

The Billionaire Tax Act would impose a one-time tax of 5% on the total wealth of California tax residents whose net worth is $1 billion or more.

Jan 20, 2026 5

California's controversial wealth tax proposal leaves billionaires with little way out
The Billionaire Tax Act would impose a one-time tax of 5% on the total wealth of California tax residents whose net worth is $1 billion or more.
Read More