California Democrats consider wealth tax
— including for people who moved out
of state
Posted By: NorthernDog, 1/24/2023 9:05:17 AM
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. (Snip) Worldwide wealth extends beyond annual income to include diverse holdings such as farm assets, arts and other collectibles, and stocks and hedge fund interest. The legislation is a modified version of a
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her candidacy is ‘D.O.A.’ 29 replies
up blast from Nikki Haley’s past, says
her candidacy is ‘D.O.A.’ 29 replies
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Comments:
Even your Beanie Baby collection could be taxed.