The California billionaire tax is very likely a net revenue loser
This paper examines the revenue and migration impact of the 2026 California Billionaire Tax Act, a one-time 5 percent tax on the worldwide net worth of individuals exceeding $1 billion. Using data from the Forbes Billionaire List, news reports detailing the residential real estate holdings of California billionaires, and public announcements of billionaire departures from […] The post The California billionaire tax is very likely a net revenue loser appeared first on Marginal REVOLUTION.