In this episode of Tax Notes Talk, professors David Gamage and Darien Shanske discuss their recent paper, “Money Moves: Taxing the Wealthy at the State Level,” which lays out their argument for a ...

Broadly defined, a wealth tax is a tax on the difference between a person's assets and liabilities. Many, or all, of the products featured on this page are from our advertising partners who compensate ...

A proposed wealth tax has pitted Democrat against Democrat in California. The initiative, which a health care worker union ...

California Assemblymember Alex Lee and Senator Nancy Skinner introduced AB 259 in February 2024, proposing a 5% annual tax on net wealth exceeding $50 million for individuals and $100 million for ...

Forbes contributors publish independent expert analyses and insights. I help entrepreneurs and professional turn income into lasting wealth. Wealth is not something you can build once and forget about ...

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 ...

It’s uncertain whether the proposal will reach the statewide ballot in November, but some billionaires like Peter Thiel and Larry Page may be unwilling to take the risk. By Ryan Mac Theodore Schleifer ...

Last week, the state’s Legislative Analyst’s Office released its initial description of the “2026 Billionaire Tax Act,” a one-time, 5 percent tax on these individuals’ net wealth. Its conclusions ...