IRS Study shows California is losing a taxpayer every minute to states like Florida, Texas, and North Carolina
By Katy Grimes
the Editor in Chief of the California Globe
California Governor Gavin Newsom is pushing a retroactive billionaire tax targeting the roughly 220 billionaires residing in California in 2025, ignoring that these individuals are the most financially mobile and can live anywhere. Expecting them to remain in the state as if they will happily and willingly hand…
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