Finance

California is one step closer to America’s first billionaire wealth tax — and the divide between red and blue state taxes is getting deeper

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 wealth tax — and the divide between red and blue state taxes is getting deeper

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 wealth tax — and the divide between red and blue state taxes is getting deeper

Published by MarketWatch

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