A proposal to raise taxes on the wealthiest Californians has sharply divided Democrats in the biggest blue state in the country.

If you spend more than 9 months in California, you are presumed to be a resident. If you spend 6 months or less, you might ...

Several changes from the One Big Beautiful Bill take effect this year — and they could affect how much you owe, the IRS said.

California Governor Gavin Newsom warned that a proposed one-time tax on billionaires will backfire by prompting the ...

Sergey Brin donated $20 million to a new political drive aimed at solving California’s housing crisis, spurring other billionaires to pitch in. Their efforts may also help ward off a wealth tax.

Proponents estimate the one-time wealth tax would generate $100 billion, most of which would fund health care. But critics ...

Here is a list of some of the billionaires who've made moves to leave California.

Critics of California's proposed billionaire tax say similar measures in Europe failed. Backers of the measure say they took ...

Voters in California could decide to levy a tax on the wealthiest among them this November. SAN broke down arguments for and ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. California has long been the land of high taxes. Its top 13.3% ...

Under the wealth tax proposal, California is at risk of losing something it can’t easily recover: not just a specific set of ...

A proposed wealth tax has pitted Democrat against Democrat in California. The initiative, which a health care worker union ...