California Democrats consider wealth tax — including for people who moved out of state | NY Post
http://youtu.be/FISKCKsMbsI California lawmakers are pushing legislation that would impose a new tax on the state’s wealthiest residents — even if they’ve already moved to another part of the country. Assemblyman Alex Lee, a progressive Democrat, last week introduced a bill in the California State Legislature that would impose an extra annual 1.5% tax on those with a “worldwide net worth” above $1 billion, starting as early as January 2024. As early as 2026, the threshold for being taxed would drop: those with a worldwide net worth exceeding $50 million would be hit with a 1% annual tax on wealth, while billionaires would still be taxed 1.5%. Read more at https://nypost.com/2023/01/24/california-dems-consider-wealth-tax-including-for-people-who-moved-out-of-state/ #california #tax #al...