As far-Left groups collect signatures to impose a “Savings Tax” on billionaires, California Democrats are trying to claim ...

California voters overwhelmingly back the massive wealth tax on billionaires despite knowing it may drive business exodus and ...

A proposed 2026 billionaire tax is sparking a political fight as some billionaires exit California and Gov. Newsom pushes ...

California's wealthiest residents, commanding $2.2 trillion in combined assets, are accelerating plans to leave the state amid threats of a one-time 5% wealth tax on billionaires. With the key ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. California has long been the land of high taxes. Its top 13.3% ...

California's latest push to tax extreme wealth has triggered a very public bout of anxiety among the state's richest residents, and two of Silicon Valley's most famous founders are now signaling they ...

A proposed billionaire wealth tax in California is sparking debate over whether the measure, if passed, would lead to more harm than good if ultrawealthy residents in the state flee to other locales.

Tech executives are leaving California due to a proposed 5% tax on billionaires. Critics warn that this could accelerate the ...

Peter Thiel, co-founder of PayPal, Palantir Technologies, and Founders Fund, holds hundred dollar bills as he speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, ...

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. The proposed wealth tax would apply to those who are ...