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Advocacy for a wealth tax or minimum tax on unrealized gains, based on ProPublica's true tax rate calculation.
California lawmakers have repeatedly proposed bills that include an “exit tax” or post-departure wealth assessments—most prominently bills labelled AB 2088 and AB 259 —but no statewide exit tax has be...
defined a billionaire’s “” as the ratio of federal income taxes paid to the change in their estimated net worth over a given period, using leaked tax records and wealth estimates to compute that figur...