California’s recent push for a 5% “Billionaire Tax” has sparked a heated debate about whether the ultra-wealthy will choose to comply with the new tax or relocate to avoid it. This proposal comes amid ...

First adopted in 2012, this version of the income tax would hit the top 2% of earners. It would produce as much as $15 ...

California billionaires would face a one-time 5% tax on their wealth through a ballot initiative that advocates say could bring in about $100 billion to cover state health-care costs. The proposed ...

California’s tax climate ranks near the bottom among all 50 states, according to a new State Tax Competitive Tax Index by the Tax Foundation. California ranks 48th, ahead of only New Jersey and New ...