California’s Billionaire Tax May Cost More Than It Raises, Reports Find

Source: The Daily Economy
by Thomas Savidge

“If a 5-percent levy chases billionaires out of Cali, the long-term income tax gap (not to mention litigation costs) will swallow any wealth-tax windfall.” (10/28/26)

https://thedailyeconomy.org/article/californias-billionaire-tax-may-cost-more-than-it-raises-reports-find/