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Wealth Tax Push Hits Key States | Dayton News
Billionaires are being targeted by progressive tax measures in key states as lawmakers push to fund critical programs. California’s proposed “billionaire’s tax” could raise up to $100 billion for healthcare, while Washington state’s new 9.9% tax on millionaires kicks in 2028. New York City is also taxing second homes over $5 million — sparking backlash from some homeowners who feel singled out. Critics warn wealthy residents may flee to lower-tax states, dragging jobs and businesses with them — but supporters argue those leaving won’t be missed. Despite legal risks and economic debates, these…
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