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Why California's Billionaire's Tax is 'spooking' its millionaires now

California’s proposed “billionaire tax” may soon haunt the millionaires as a report has said that apart from the state’s mega-rich who are packing their bags, other wealthy are looking to relocate. Citing a top tax advisor, a report by The New York Post says that millionaires are now eyeing the exits over growing fears that the ‘controversial’ wealth levy could eventually be tweaked to target those with smaller fortunes.

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timesofindia.indiatimes.comStai leggendo4 g fa

Why California's Billionaire's Tax is 'spooking' its millionaires now

California's billionaire tax drives millionaires to Florida, Nevada, Texas as economist Saez hints recurrence; Zuckerberg faces potential $48B Meta assessment. Tech M&A now treats founder domicile and equity structure as risk vectors if wealth taxation becomes national precedent.

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California has 200+ billionaires. Here's who'll pay if the state's wealth tax passes.

California has over 200 billionaires that could be hit by a proposed wealth tax. Several have moved assets out of the state.

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lunedì 22 giugno 2026·timesofindia.indiatimes.com
Why California's Billionaire's Tax is 'spooking' its millionaires now
California’s proposed “billionaire tax” may soon haunt the millionaires as a report has said that apart from the state’s mega-rich who are packing their bags, other wealthy are…
martedì 23 giugno 2026·businessinsider.com
California has 200+ billionaires. Here's who'll pay if the state's wealth tax passes.
California has over 200 billionaires that could be hit by a proposed wealth tax. Several have moved assets out of the state.