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Billionaire Taxes Spark Statewide Debate | Salt Lake City News
Wealthy Americans are facing a new wave of state-level taxes as progressive lawmakers push for “billionaire’s taxes” — California’s Democrats back a ballot initiative, Washington state will slap a 9.9% tax on millionaires starting 2028 (already challenged), and New York City targets second homes over $5M. Critics warn of wealthy flight and job losses, while supporters say these measures fund critical services and tackle inequality — with California aiming to raise $100B to fill federal healthcare gaps. The debate rages: can states tax the rich without triggering economic exodus? Listen in…
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