Plan to levy 5% tax on California billionaires championed by progressives – but state’s super rich are forcefully opposed ...

There are 1,135 billionaires living in the U.S., sitting on a collective nest egg of $5.7 trillion—but a select three uber-wealthy entrepreneurs make up nearly a fifth of the honeypot. Together, Elon ...

As a California millionaire, I have no problem paying more in tax if it means millions of my neighbors get to keep their health care coverage. I am proud to pay higher taxes if it makes for a ...

A proposed one-time wealth tax will go before voters in November.

A number of billionaires in the Golden State are fired up over a possible one-time 5% tax on their wealth. The proposal, sponsored by the Service Employees International Union–United Healthcare ...

California Gov. Gavin Newsom, a Democrat who is considering a run for president as he approaches the end of his term, called for a national “billionaires’ tax” on Friday even as he fights another ...

A sign in favor of the billionaire tax at the California Democratic party convention in San Francisco in February.Photograph: Jeff Chiu/AP The proposed billionaire tax in California is officially ...