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For several of California’s most prominent tech billionaires, the 5% wealth tax might be far higher.
The so-called 2026 Billionaire Tax Act is a California ballot initiative that has been filed to appear on the November 2026 ballot. If approved by California voters, the initiative...
As predicted in our previous alert, a number of states recently moved to enact or propose wealth taxes or income taxes aimed at individuals with high annual incomes, over $1 millio...
We need a 5% wealth tax on America's 938 billionaires. Over a ten-year period, this bill would raise much-needed $4.4tn for public coffers
The measure would impose a one-time, 5% tax on the state's roughly 200 billionaires to fund public programs.
If approved by voters, the one-time 5% tax on billionaire wealth would hit around 200 ultra-rich residents.
If California's billionaire tax proposal passes, many high-net-worth individuals will be frantically tallying up their assets.
California's billionaire tax would see its wealthiest residents forced to pay a 5% levy—but that doesn't have to include property assets.
Last week, the Service Employees International Union (SEIU) announced it had gathered more than 1.5 million signatures—nearly double what it needed—to put a sweeping new wealth tax...
California’s proposed tax on billionaires’ wealth is closing in on the November ballot. Backers of the initiative say they have gathered more than 1.5 million signatures, well abov...
By Nathaniel Meyersohn, CNN New York (CNN) — Nvidia CEO Jensen Huang, who has a net worth estimated at roughly $200 billion, was recently asked about California’s wealth tax propos...
Silicon Valley’s growth over recent decades has made California rich — and one of the most unequal places in America.
Residents in at least 10 states are organizing campaigns to tax wealth in order to fund schools and other social servicesKaren Sanchez likes to meet new people at trivia nights or...
Signature drive advances amid debate over taxing extreme fortunes in richest US state
Supporters of a controversial California proposal to implement a one-time tax on billionaires say they have enough signatures to qualify it for the November ballot.
An initiative that would tax California's handful of billionaires one time at 5% will appear on the Nov. 3 general election ballot.
Tax day has a way of shrinking your paycheck, but the real surprise is how much some people don’t feel it. For most workers, taxes are inescapable and immediate; deducted straight...
Billionaire investment guru Ray Dalio is warning that the California billionaire tax isn’t the answer to inequality — issuing a stark two-word wake-up call on the controversial wea...
“Backers of the proposed California billionaire tax believe they have gathered enough signatures to get the initiative on the November ballot, according to people familiar with the...
California’s billionaires are freaking out. Like most obscenely wealthy Americans in the Trump era, plutocrats are bloated with paper wealth, fortified by legions of accountants, a...
More than 1.5 million people have signed a petition to get the one-time, 5% wealth tax on statewide ballots in November, the people said. County election officials have to tally th...
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