California Voters Reject World's First Billionaire Wealth Tax
Proposition 40, a 5% one-time tax on Californians worth over $1.1bn, failed after a $100m-plus opposition campaign by Sergey Brin and Governor Gavin Newsom.
Topic
Billionaires
Topic
Billionaires
California Voters Reject Proposition 40 Billionaire Wealth Tax
California rejected a one-time 5% wealth tax on billionaires after a campaign where the opposition raised roughly 10 times more,…
Florida's $250,000 Tax Break Saves Billionaires About $2,000 a Year
Florida's expanded homestead exemption cuts a $50 million mansion's tax bill by roughly $2,000. The real money, and the real risk…
California Billionaires Spent $500 Million to Kill Wealth Tax
Proposition 40 failed 55.6% to 44.4% after a record $500 million-plus fight, but Democrats in Washington plan a federal billionai…
HMRC Assigns Compliance Managers to 200+ UK Billionaires in £500m Crackdown
HMRC is assigning named compliance managers to 200+ billionaires with UK tax footprints, backed by AI monitoring, in a push to ra…
Nearly 70% of Tax Scholars Would Vote Against California's Billionaire Tax
A survey of 105 National Tax Association members finds 69.5% would vote against Prop 40, California's proposed 5% one-time tax on…
California's $110 Billion Billionaire Tax Gamble Faces Flight
Proposition 40 would tax 260 California billionaires at 5%, raising an estimated $110 billion. Brin has put $200 million against…
Josh Kushner's Net Worth Reaches $17.5 Billion on Thrive Growth
Josh Kushner's net worth has climbed to $17.5 billion as his venture firm Thrive grows, Billionaires.Africa reports — a proxy for…
Bezos Defends Billionaires: 'You Can Be a Billionaire From a Hamburger Stand'
Amazon founder Jeff Bezos, worth $372 billion, says villainizing success is wrong — as 33% of Gen Z adults call extreme wealth "m…
Musk exits trillionaire club after $63 billion three-day swing
Elon Musk's net worth dropped from $1.05 trillion to $987 billion in three days as SpaceX shares slid on reports of a $40 billion…
Billionaire David Reuben Leaves Britain for Monaco After Tax Crackdown
David Reuben, worth $13.1 billion, has moved to Monaco after Britain scrapped non-dom status. California's Prop 40 vote now tests…