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re: California looking to tax Billionaires 1 time 5%
Posted on 10/30/25 at 1:09 pm to AubieinNC2009
Posted on 10/30/25 at 1:09 pm to AubieinNC2009
One time. 
1
Posted on 10/30/25 at 1:12 pm to AubieinNC2009
Why so they can funnel the money back to the Democrat party?
Posted on 10/30/25 at 1:15 pm to Antonio Moss
quote:
So if the billionaire’s worth is tied up in non-liquid assets like business property and infrastructure, will this law require them to sell off assets/lay off labor to pay the tax bill?
Yeah, so the Marxist dream of "tax on a tax" will be realized.
Posted on 10/30/25 at 1:15 pm to Ace Midnight
You do realize it would make more sense for them to just get a loan right?
Posted on 10/30/25 at 1:16 pm to AubieinNC2009
The solution for liberals is always to take money from someone else's pocket. It's never to scale back on programs. We couldn't just stop paying for needles to give free to drug addicts or something like that.
Posted on 10/30/25 at 1:17 pm to Powerman
quote:
You do realize it would make more sense for them to just get a loan right?
You do realize that billionaires can afford to live anywhere, right?
Posted on 10/30/25 at 1:18 pm to Antonio Moss
quote:
So if the billionaire’s worth is tied up in non-liquid assets like business property and infrastructure, will this law require them to sell off assets/lay off labor to pay the tax bill?
Everyone does this now with property taxes.
Posted on 10/30/25 at 1:20 pm to Powerman
quote:
but these guys aren't paying over 50% a year
It’s probably closer to 30%.
California has a top marginal state tax rate of 13%. And a 1% tax on all income over $1M. And an 8.8% sales tax.
Posted on 10/30/25 at 1:25 pm to AubieinNC2009
Just once guys
We promise
We promise
Posted on 10/30/25 at 1:27 pm to AubieinNC2009
quote:
replacing billions of dollars in federal funding cuts to healthcare.
= Cuts in funding from USAID to pay for the failed democrat policies
Posted on 10/30/25 at 1:29 pm to AubieinNC2009
These dumb asses think people are going to stay in state and pay $50,000,000 for the right to be there? That's beyond nuts.
Posted on 10/30/25 at 1:33 pm to AubieinNC2009
quote:
1 time
You allow it once, they’ll do it whenever they need.
Posted on 10/30/25 at 1:38 pm to coolpapaboze
quote:
I really hope they do this.
I really, really, really hope they do it.
This is federalism. Cut the money coming from the federal pocketbook, and if your state wants to still prioritize the program, tax your state residents for it.
This is the surest way in the world for Democrat's tax policies to become very unpopular, very quickly, and the people who disagree with that will be the only ones dealing with the results, so I don't care.
This is the way.
Posted on 10/30/25 at 1:40 pm to Ace Midnight
quote:Selling those properties might be a little difficult.
You do realize that billionaires can afford to live anywhere, right?
Unless they’re not taxing foreign owners.
Posted on 10/30/25 at 1:42 pm to AubieinNC2009
Success needs to be punished more
Posted on 10/30/25 at 1:45 pm to AubieinNC2009
quote:
California’s wealthiest residents could face a one-time 5% tax on their net worth under a new proposal aimed at replacing billions of dollars in federal funding cuts to healthcare.
So, California politicians have fricked up the economy beyond repair and their solution is to tax all the billionaires 5% of their net worth?
If they already haven't, i'd assume most billionaires will be exiting California as their home residence.
Posted on 10/30/25 at 1:46 pm to TDTOM
Any billionaire living in Cali deserves it. Tax them 60%
Posted on 10/30/25 at 2:01 pm to AubieinNC2009
It is California....make it all net worth over 1MM @ 10%
Make it interesting.
Make it interesting.
Posted on 10/30/25 at 2:13 pm to AubieinNC2009
quote:So why not do Irrevocable Blind Trusts and reduce your net worth to less than a billion dollars? Voila!
California looking to tax Billionaires 1 time 5%
Posted on 10/30/25 at 2:30 pm to Powerman
quote:
This is a stupid idea, but these guys aren't paying over 50% a year
top federal bracket MFJ 37% on every dollar over 731k top california bracket 12.3% on every dollar over 900k added together that's 49.3%.
you're just genuinely stupid aren't you, you haven't had much of career, you don't how any thing works. good ol fashion country stupid.
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