Economists Reach Sharply Different Conclusions on California Billionaire Tax
Two economists disagree on the fiscal impact of California's billionaire tax, with potential implications for taxing the superrich nationwide.
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Two economists studying California’s billionaire tax reached sharply different conclusions about its fiscal impact, according to NPR.
The central question is whether the tax would boost state revenue or leave California with less money. The competing assessments highlight uncertainty over its effect on state finances.
What happens in California could influence how the United States approaches taxation of the superrich.
Originally reported by NPR. Read the full story at NPR
