Billionaire Tax Refugees Flock to Ritzy Nevada Lake Town

Naveen Rao, a longtime California resident, ascended to a rarefied tier of wealth last year when his startup, Unconventional AI, was valued at $4.5 billion. The company is based in Palo Alto, but with the specter of anew tax on billionaireslooming over the state, Rao began considering other ...

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