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California lawmakers to consider new wealth tax — and it could follow those moving to Texas

Summary by Ground News
California lawmakers are considering a "wealth tax" that would not only introduce a 1.5% tax on net worth in excess of $1 billion by 2024, but also allow the state to pursue that tax for former residents who flee the state for tax-friendly locations like Florida or Texas.

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WFAA 8abc broke the news in Dallas, United States on Monday, January 23, 2023.
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