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TEXXR

Chronicles

The story behind the story

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Billionaire Tom Steyer, who is running for California governor, says he plans to vote for the one-time 5% tax on billionaires if it reaches the November ballot

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

Bloomberg Eliyahu Kamisher

Discussion

  • @janewells @janewells on x
    Why don't we fix current tax law so that they can't take out a loan against their unrealized billions and pay a much lower interest rate on the loan to a bank than capital gains to the state?
  • @tomsteyer Tom Steyer on x
    Billionaires like me and big corporations need to buy into the future of California and pay more in taxes. [video]
  • @laura_nelson Laura J. Nelson on x
    This chart ran as part of my latest @wsj story with my colleague Juliet Chung, looking at the famously dogged tax auditors of the California Franchise Tax Board: [image]
  • @chamath Chamath Palihapitiya on x
    California is held captive by a handful of Machiavellian Union CEOs! These union organizers should have the courage to inform their dues-paying members that they are trying to torch the economy by destroying the tech community in California with this “Billionaire Tax”. This