"What people don't realize," Penn Wharton Budget Model director Kent Smetters told Fortune, is there's "just not as much ...

Broadly defined, a wealth tax is a tax on the difference between a person's assets and liabilities. Many, or all, of the products featured on this page are from our advertising partners who compensate ...

In this episode of Tax Notes Talk, professors David Gamage and Darien Shanske discuss their recent paper, “Money Moves: Taxing the Wealthy at the State Level,” which lays out their argument for a ...

Forbes contributors publish independent expert analyses and insights. I help entrepreneurs and professional turn income into lasting wealth. Wealth is not something you can build once and forget about ...

The Billionaire Tax Act would impose a one-time tax of 5% on the total wealth of California tax residents whose net worth is $1 billion or more.

It’s uncertain whether the proposal will reach the statewide ballot in November, but some billionaires like Peter Thiel and Larry Page may be unwilling to take the risk. By Ryan Mac Theodore Schleifer ...

Last week, the state’s Legislative Analyst’s Office released its initial description of the “2026 Billionaire Tax Act,” a one-time, 5 percent tax on these individuals’ net wealth. Its conclusions ...

The government is in a tricky spot heading into the autumn. Last year’s Budget was supposed to be a once-in-a-parliament reset, with £40 billion of tax hikes announced in an attempt to balance the ...