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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.
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theguardian.com
Tech titans divided over whether to pay billionaire tax or flee California
State residents worth more than $1bn could face one-off, 5% tax to help fund education, food assistance and healthcare
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cnbc.com
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.