Faced with an onerous levy on assets, taxpayers will vote against it at the ballot box or with their feet.

Critics of California's proposed billionaire tax say similar measures in Europe failed. Backers of the measure say they took ...

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

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 ...

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 ...

The clamour within Labour to introduce a wealth tax in a bid to balance the books is continuing to grow ahead of a make-or-break autumn budget. Keir Starmer and other senior cabinet ministers have ...

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 ...

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 ...