No, once spending is treated as untouchable and restraint as politically impossible, it’s only a matter of time before ...

State policymakers should raise revenue to mitigate the harm to people and communities caused by federal actions and to expand critical investments that support a more prosperous future for all.

California appears to be on a path to create a one-time tax on billionaires. But that would be wrong. Spectacularly wrong. The notion of the state raising ...

A California wealth-tax proposal makes a high-stakes bet on billionaire psychology.

In her book The Second Estate, Ray Madoff explains how the U.S. tax system lets the ultra-rich grow their wealth tax-free while working Americans bear the burden. Officially, at least, the United ...

Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. Californians have recently proposed the so-called “2026 Billionaire Tax Act”.

Add Yahoo as a preferred source to see more of our stories on Google. Billionaire investor Peter Thiel has opened an office in Florida, where there is no wealth tax. (Carolyn Kaster / Associated Press ...

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.

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. California has long been the land of high taxes. Its top 13.3% ...