This billionaire tax proposal hasn't made it to the ballot but it is already redefining California's economy.

The battle over a proposal to tax billionaires to fund healthcare and other essential services is expected to intensify after supporters said they've gathered enough signatures to qualify for the ...

California's potential adoption of a one-time 5 percent "billionaire tax" on the net worth of high-value individuals is already sending wealthy residents fleeing for the exits. By one estimate, at ...

The measure would impose a one-time, 5% tax on the state's roughly 200 billionaires to fund public programs.

A key architect of California’s controversial billionaire tax acknowledged this week that the proposed one-time levy may end ...

I’m at Best Buy often, and I’m paying sales tax on a lot of this pre-written software," said Gov. Gavin Newsom.

California voters may be asked a lot of questions about taxes in the fall. The campaign behind an effort billed as protecting personal property, including retirement and savings accounts, from future ...

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 ...

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

If you cannot pay your outstanding California taxes in one lump sum, the Golden State may have a solution for you. The ...