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Rich Californians deploy creative ways to get around hated billionaire tax – including giving cash away

Rich
New York Post Fews App News Provider
Fews App Post Time há 20h

California’s wealthiest residents are scrambling to shield their fortunes as November comes closer with the controversial billionaire tax — with some accelerating charitable donations, buying luxury vacation homes and even joking about divorce to soften the blow. The proposed measure, if passed, would impose a one-time levy of up to 5% on the net worth of Californians worth more than $1. 1 billion, based on their wealth at the end of this year if they were state residents on Jan.

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