Unverified50% confidenceFactExact time
California is considering a proposed "billionaire tax" that would tax the net worth of ultra-high-net-worth individuals.
1
Sources
50%
Confidence
Medium-term (~90 days)
Relevance
10/23/2026
First Seen
Valid until: 1/21/2027
Sources
Related Entities
Related Claims
UnverifiedZuckerberg is considering paying California's proposed billionaire tax through a newly created share class while ensuring he does not lose control of Meta.77% similarUnverifiedIn 2024, California had proposal AB 2593, which would levy an annual tax on individuals with a net worth exceeding $50 million.74% similarUnverifiedA wealth tax is a tax levied on an individual's net worth rather than income, usually targeting ultra-high-net-worth individuals.73% similarUnverifiedAfter the passage of Proposition 13, the California state government was forced to seek revenue from other taxes, increasing its reliance on income taxes levied on high-income groups.73% similarUnverifiedSome economists believe that most wealthy Californians would still remain even if the tax is passed, because their business networks and industrial resources are deeply rooted in California.71% similar
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