New Wealth Tax Could Be California’s Nuttiest Idea Yet

1 month ago
Commentary It’s getting much unsafe to marque wealth and make jobs successful California. Under Assembly Bill 259, by Assemblyman Alex Lee (D-San Jose) the authorities would “impose an yearly taxation astatine a complaint of 1.5 percent of a nonmigratory of this state’s worldwide nett worth” successful excess of $1 cardinal starting successful 2024. Starting successful 2026, the threshold would driblet to conscionable $50 cardinal of worth, taxed as...
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