If you earn more than $150,000 a year, you're firmly in the upper tier of U.S. income earners, but that doesn't automatically mean you're being crushed by taxes. What does change at this level is ...

A new proposal in the California legislature aims to make the state the first in the nation to hold for-profit corporations ...

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. The proposed wealth tax would apply to those who are ...

Google co-founder Sergey Brin and former Google CEO Eric Schmidt have banded together with some of Silicon Valley’s wealthiest moguls to create a new, pro-business organization that is poised to lobby ...

Billionaire Tom Steyer came out in favor of a proposed tax on California’s wealthiest residents, adding a prominent voice to ...

As California weighs a new proposal to tax the wealth of its most affluent residents, some billionaires have warned that, rather than boosting public services as its advocates hope, the measure could ...

A new bill from California Assemblymember Matt Haney (D‑San Francisco) seeks to hold private immigration detention operators ...

A proposed billionaire wealth tax in California is sparking debate over whether the measure, if passed, would lead to more harm than good if ultrawealthy residents in the state flee to other locales.

In California, where people usually flock to make their dreams come true, Democratic lawmakers are considering a bill that would punish the people who helped make the state an economic juggernaut. If ...

Venture capitalist Chamath Palihapitiya says California’s proposed billionaire tax is accelerating an exodus of ultra-wealthy residents, a shift he argues will worsen and not solve the state’s budget ...