Amid rising costs, California and L.A. initiatives aim to tax the ultra-rich
California is grappling with proposals to increase taxes on its wealthiest residents as the state faces an ongoing affordability crisis. Two distinct efforts are underway: a statewide “billionaire tax” and a Los Angeles city proposal targeting companies with highly compensated CEOs. Statewide Billionaire Tax A proposal for a statewide tax on billionaires—those with assets exceeding … Read more