California billionaires tax could slash yearly revenue by $4.5 billion

Fuente: New York Post

California could be on the verge of punching itself in the … pocketbook. A proposed wealth tax on billionaires would not only drive California’s richest residents out of the state, but it could also result in a loss of state tax revenue up to $4. 5 billion annually, according to a new report by the California Tax Foundation.