Skip to content
The Los Angeles

Proposed California wealth tax sparks debate: Will billionaires leave the state?

Proposed California wealth tax sparks debate: Will billionaires leave the state?
Photo: LAist (KPCC / Southern California Public Radio) · view original

Healthcare workers and other supporters with the Billionaire Tax Now coalition hold placards during a media briefing in Los Angeles on April 27, 2026. The initiative would levy a one-time 5% tax on California billionaires. (Frederic J. Brown / ) A battle over a first-of-its-kind tax o...

Sources and story details