Finance

California is one step closer to America’s first billionaire tax. It shows how deep the divide between red and blue state taxes is now.

This year is shaping up to be a milestone moment for state income taxes after last year’s massive changes to federal income taxes.

M
MarketWatch
April 28, 2026·1 min read
California is one step closer to America’s first billionaire tax. It shows how deep the divide between red and blue state taxes is now.

Image: MarketWatch

This year is shaping up to be a milestone moment for state income taxes after last year’s massive changes to federal income taxes.

Original article

California is one step closer to America’s first billionaire tax. It shows how deep the divide between red and blue state taxes is now.

Published by MarketWatch

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