About 90% would go toward healthcare, which has had steep federal funding cuts.

The billionaire wealth tax would impose a one-time tax of up to 5% on accumulated assets valued over $1 billion.

Gov. Gavin Newsom has threatened to tax 100% of the money Californians receive from President Trump's "anti-weaponization" ...

We want to tax 100% of those proceeds,' Newsom said of payments from President Donald Trump's 'anti-weaponization' fund.

The wealth tax would apply a 5% tax to all global assets to anyone with a net worth of $1.1 billion or more residing in California. Meta CEO Mark Zuckerberg arrives at court in Los Angeles in February ...

NEW YORK, NEW YORK - APRIL 15: People protest on tax day calling for billionaires to pay more tax on April 15, 2025 in New York City. Activists suggested a 90% wealth tax to guarantee universal ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. If you run a business outside of California, you might not think ...

California Gov. Gavin Newsom said it's unfair how some people avoid paying the state sales tax when buying software.

California has a high corporate tax rate and strict rules, but its large market and strong economy can benefit some businesses. Companies incorporated or operating in the Golden Gate state should ...

With a gas tax increase set for July 1, the continuing war in Iran and increased reliance on foreign fuel supply, California ...