Event Brief
California wealth tax loophole could save billionaires
Filed: May 04, 2026 at 7:01 AM ET
Summary: A report says California’s billionaire wealth tax includes a loophole that could let some billionaires save millions.
WHO: California’s billionaire wealth tax
WHAT: Identified a loophole in California’s billionaire wealth tax that could reduce taxes for some residents.
WHEN: May 04, 2026 at 5:05 AM ET
WHERE: California
WHY: No specific cause was reported.
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