#california-tax-policy

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Fundraising
fromFortune
1 week ago

As billionaires bail, Mark Zuckerberg doubles down on California with $50 million donation | Fortune

Mark Zuckerberg and Priscilla Chan are investing in AI and STEM, shifting Chan Zuckerberg Institute to biomedical AI and donating $50M to Sacramento State.
fromTechCrunch
1 month ago

Why Silicon Valley is really talking about fleeing California (it's not the 5%) | TechCrunch

I don't understand why the billionaires just aren't calling good tax lawyers," he told The San Francisco Standard this week. Gamage insists founders wouldn't be forced to sell. Those with most of their wealth in private stock could open a deferral account for assets they don't want taxed immediately - California would instead take 5% whenever those shares are eventually sold.
US politics
California
fromwww.mercurynews.com
7 months ago

Opinion: This California loophole makes passing new local taxes easier

Government officials are exploiting a court-created loophole allowing tax initiatives to pass with a simple majority instead of the traditional two-thirds vote in California.
California
fromABC7 San Francisco
7 months ago

SALT cap raised to $40,000 will benefit California homeowners, experts say

The Big Beautiful Bill includes a $40,000 SALT deduction, benefiting many Californians by allowing greater state and local tax deductions.
Experts believe the new SALT tax deduction could be a gamechanger for homeownership in California.
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