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natlawreview.com /1 month ago

Tax the Rich: Additional States Considering and Enacting Taxes Targeting High-Net-Worth Individuals

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...

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wisconsinexaminer.com /1 month ago

Millionaire taxes gain steam as states face budget crunches

While the idea of a special tax on millionaires is hotly debated across the country, Maine state Rep. Cheryl Golek characterized her state’s new tax as a modest and reasonable step...

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wealthmanagement.com /1 day ago

Rhode Island Joins Tax-the-Rich Push With New Millionaire Levy

Democratic Governor Dan McKee signed a budget Friday that institutes a new tax on incomes over $1 million, lifting the state’s top rate to 8.99% from 5.99% over three years.

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forwardky.com /1 month ago

Millionaire taxes gain steam as states face budget crunches

And as wealth inequality has reached Robber Baron levels

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nebraskaexaminer.com /1 month ago

Millionaire taxes gain steam as states face budget crunches

While the idea of a special tax on millionaires is hotly debated across the country, Maine state Rep. Cheryl Golek characterized her state’s new tax as a modest and reasonable step...

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columbian.com /1 month ago

Donnelly: Election season likely to feature ‘millionaires tax’

Meet Washington’s “millionaires.” They farm, drive trucks, hire and pay employees. They run construction companies. Thousands are minority-owned small businesses. Starting January...

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huffpost.com /1 month ago

California Billionaire Tax Has Enough Signatures To Qualify For Ballot, Backers Say

If approved by voters, the one-time 5% tax on billionaire wealth would hit around 200 ultra-rich residents.

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cbsnews.com /1 month ago

California billionaire tax secures enough signatures to make ballot

The measure would impose a one-time, 5% tax on the state's roughly 200 billionaires to fund public programs.

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jdsupra.com /1 month ago

Update on the California 2026 Billionaire Tax Act

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...

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taxfoundation.org /1 month ago

Testimony: Illinois “Millionaire’s Tax” Would Hurt Small Businesses, Exacerbate Outmigration

Illinois' proposed Millionaire's Tax would raise taxes on Illinois families and businesses in an economically damaging way, further harming the state’s competitiveness and reducing...

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realtor.com /1 month ago

Would Lotto Winner Edwin Castro Get Hit With the California Billionaire Tax?

If California's billionaire tax proposal passes, many high-net-worth individuals will be frantically tallying up their assets.

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wealthprofessional.ca /1 month ago

Will California’s billionaire tax bombshell send the ultra-rich running?

Signature drive advances amid debate over taxing extreme fortunes in richest US state

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ncnewsline.com /1 month ago

NC Democrats propose 7% tax on income over $1M to fund North Carolina schools

North Carolinians earning more than $1 million annually would pay a 7% marginal income tax under a proposal by Democratic lawmakers, who say the measure could generate nearly $1 bi...

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therealdeal.com /1 month ago

Billionaire tax push clears signature hurdle as November ballot approaches

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...

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crooksandliars.com /1 month ago

CA Billionaire Tax Clears First Hurdle With 1.5 Million Signers

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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mpamag.com /1 month ago

New York moves to tax cash home purchases above $1 million

A proposed 1% levy on all-cash deals mirrors the state's existing mortgage-recording tax and could reshape how wealthy buyers transact

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wealthmanagement.com /1 month ago

A Proposed Billionaire Tax Exposes the Dual-Share Racket

For several of California’s most prominent tech billionaires, the 5% wealth tax might be far higher.

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taxfoundation.org /2 weeks ago

The Risks the Wealth Tax Advocates Are Ignoring

Voters in California this fall will have to determine whether the state will institute a billionaire tax. Advocates of this proposal have been pushing for these kinds of money grab...

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natlawreview.com /4 weeks ago

Wealth Tax Watch: Washington’s Millionaires Tax Will Not Go to the Voters, and Updates to New York’s Taxes on Real Estat...

In our third installment recapping states’ efforts to impose new taxes on high net worth individuals, we provide updates on Washington’s Millionaires Tax, New York State’s efforts...

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nytimes.com /3 weeks ago

The Case for California’s Billionaire Wealth Tax

Silicon Valley’s growth over recent decades has made California rich — and one of the most unequal places in America.

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planetizen.com /1 month ago

NYC will create new tax for $1M+ cash home purchases, report says

NYC will create new tax for $1M+ cash home purchases, report says Christine McLaren Fri, 05/15/2026 - 07:00 Primary Image Stat...

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leftfootforward.org /1 month ago

Three-quarters of UK millionaires back higher taxes to invest in Britain’s future

The findings challenge the claim that Britain’s richest are poised to flee the country over tax policy. The post Three-quarters of UK millionaires back higher taxes to invest in Br...

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dailysignal.com /1 month ago

California’s ‘Billionaire Tax’ Could Reach Far Beyond Billionaires

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...

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accountingtoday.com /1 month ago

New York plans tax on homes over $1M purchased with cash

The proposed tax would be levied at 1% of the purchase price and would be paid by the buyer.

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