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Two economists studied California's billionaire tax. They reached wildly different conclusions

Greg Rosalsky·NPR·November 2, 2026
High · factual reporting (4 of 5)Outlet ratings by Media Bias/Fact Check

What happens in California could shape how America taxes the superrich. But will its billionaire tax fill state coffers — or drain them?

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Two economists studied California's billionaire tax. They reached wildly different conclusions — TopNewsOn