A Wealth Tax Floated in California Has Billionaires Thinking ...
2 hours ago · Peter Thiel, a tech venture capitalist, could face a tax bill of more than $1.2 billion if the proposed wealth tax is placed on the California ballot and approved by voters.
A billionaire tax has some Californians considering a move ...
3 days ago · California billionaire David Sacks: ‘I need to sell my house to someone’ Even if the proposed tax doesn’t pass, American venture capitalist and California resident Chamath …
Billionaires are plotting to flee California if huge wealth ...
California could be saying bye-bye to billions in tax revenue if voters approve a controversial wealth tax on the state’s roughly 200 billionaires. Ultra-wealthy taxpayers are actively making ...
New tax on the wealth of billionaires. [Ballot]
Dec 11, 2025 · California billionaires, like all those earning money in the state, currently pay state taxes on their annual income. How billionaires respond to a new wealth tax could indirectly …
California 5% Wealth Tax On Billionaires Could Pass This Time
Nov 24, 2025 · A proposed ballot measure known for the 2026 Billionaire Tax Act would impose a one-time 5% tax on billionaires living in the Golden State, said to be about 200 people.
California Billionaires Face a Proposed 5% Tax on Wealth
Oct 23, 2025 · California billionaires would face a one-time 5% tax on their wealth through a ballot initiative that advocates say could bring in about $100 billion to cover state health-care costs.
California’s wealth tax proposal pits fiscal fantasy against ...
6 days ago · The wealth tax targets California’s few hundred billionaires, many of whom are also in the highest-annual-income group. So, when the LAO notes that some billionaires are “likely” …