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States Target Wealthy with New Taxes | San Antonio News
Published 1 week ago
Description
Progressive states are rolling out bold new taxes on the wealthy—California’s billionaire’s tax could raise $100 billion, Washington’s new 9.9% levy targets millionaires starting in 2028 (already challenged in court), and New York City is taxing second homes over $5M—sparking debate over whether these moves will fund critical services or trigger a brain drain that hurts local economies.
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