Event Brief
Mar 12, 2026 at 12:03 PM ET
California Wealth Tax Sparks Billionaire Exodus to Florida
By The BriefBrief
California billionaires are buying Florida properties due to a proposed 5% wealth tax on assets over $1 billion.
WHO: California billionaires
WHAT: purchasing properties
WHEN: Mar 12, 2026 at 11:51 AM ET
WHERE: Florida
WHY: proposed 5% wealth tax on assets exceeding $1 billion
How this brief is built: The BriefBrief correlates multiple sources into one evolving event brief, updated as new facts emerge.
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