Rich Californians Deploy Creative Ways to Get Around Hated Billionaire Tax – Including Giving Cash Away
9 Articles
9 Articles
The Governor of California, Gavin Newsom, simultaneously faces a growing political confrontation with the administration of U.S. President Donald Trump, and an intense internal battle within the Democratic Party over a multimillionaire tax proposal that could come to the polls this year. Newsom accused Trump today of ordering the Department of Justice to investigate him and his wife, Jennifer Siebel Newsom, in what he described as a political re…
Gavin Newsom Races to Sink Billionaire Tax
“Gov. Gavin Newsom is mounting a last-ditch pressure campaign to stop a proposed California billionaire tax from ever reaching voters,” Bloomberg reports. “During a call last month, he assured a major Democratic donor the levy would be successfully negotiated away before a June 25 deadline.”
Rich Californians deploy creative ways to get around hated billionaire tax – including giving cash away
California's wealthiest residents are scrambling to shield their fortunes as November comes closer with the controversial billionaire tax — with some accelerating charitable donations, buying luxury vacation homes and even joking about divorce to soften the blow.
The Taxman Cometh and Billionaires Can Afford It
Google co-founder Sergey Brin is spending $57 million to defeat a proposed billionaire tax in California. “I fled socialism with my family in 1979 and know the devastating, oppressive society it created in the Soviet Union,” he explained. “I don’t want California to end up in the same place.” Months before it collapsed, my family […]
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