#billionaire-tax-avoidance

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California
fromFortune
5 days ago

Only 6 billionaires left California over its proposed wealth tax - but they took $27 billion in potential revenue with them | Fortune

Six California billionaires departing before a proposed 5% wealth tax would cost the state approximately $27 billion in projected tax revenue, representing roughly one-fourth of the initiative's $100 billion goal.
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