California billionaire tax could result in future revenue loss, study shows
The proposed billionaire wealth tax that California voters will consider on the Nov. 3 midterm elections ballot will likely not raise as much as expected. And it could, in fact, lead to the state losing revenue over time, according to a new
Republican Ledger staff · 5:30 AM ET
Our newsroom is writing this report…
The proposed billionaire wealth tax that California voters will consider on the Nov. 3 midterm elections ballot will likely not raise as much as expected.
And it could, in fact, lead to the state losing revenue over time, according to a new study. The analysis, written by Stanford University economists Benjamin Jaros and Joshua Rauh […]
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