California wealth tax: Democrats seek to take 1.5% from billionaires

California 02/23/22, 16:07

A group of Democrats in the California Legislature are again pushing for an "extreme wealth" tax in the state, a controversial measure they say could extract billions of dollars from the wealthiest Californians. Assemblyman Alex Lee's (D-Calif. 25) new bill would affect about 15,000 California households with a 1% annual tax ...

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