In this episode of Tax Notes Talk, professors David Gamage and Darien Shanske discuss their recent paper, “Money Moves: Taxing the Wealthy at the State Level,” which lays out their argument for a ...

The Billionaire Tax Act would impose a one-time tax of 5% on the total wealth of California tax residents whose net worth is $1 billion or more.

Follow-up: Nick Hanauer, critic of income inequality, calls proposed Washington wealth tax ‘impractical’ Do taxes that target wealthy residents drive away entrepreneurs and businesses? That’s the ...

It’s uncertain whether the proposal will reach the statewide ballot in November, but some billionaires like Peter Thiel and Larry Page may be unwilling to take the risk. By Ryan Mac Theodore Schleifer ...

Wealth taxes are a hot topic in policy debates from Europe to the U.S., and Norway offers one of the most instructive examples. The Nordic nation has been taxing personal fortunes since 1892, and ...

Forbes contributors publish independent expert analyses and insights. I help entrepreneurs and professional turn income into lasting wealth. Wealth is not something you can build once and forget about ...

Last week, the state’s Legislative Analyst’s Office released its initial description of the “2026 Billionaire Tax Act,” a one-time, 5 percent tax on these individuals’ net wealth. Its conclusions ...