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Will California's Billionaire Tax Be Paid By Non-Billionaires Too?

Forbes · Jun 26, 2026, 3:30 PM · Also reported by 4 other sources

California's 2026 Billionaire Tax sounds simple — but experts warn the ripple effects could cost non-billionaires via lost revenues, higher taxes, & corporate departures.

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NY Times California Will Vote on a Billionaire Tax. Billionaires Aren’t Happy. The Hill California will vote on billionaire tax The Guardian California’s proposed billionaire tax: what you need to know Le Monde (English) Panic sweeps across California over proposed billionaire tax

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Will California's Billionaire Tax Be Paid By Non-Billionaires Too?

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