California billionaire tax

National · 4 updates

31 Jul 2026 · 10:34

Bernie Sanders mocks Meta CEO Mark Zuckerberg over billionaire tax, gets corrected

California's proposed five percent billionaire tax is prompting wealthy individuals to relocate. Mark Zuckerberg and other tech moguls are reportedly moving their assets to Florida. This tax aims to fund healthcare for three million low-income people. Google founders Larry Page and Sergey Brin have also cut ties with California. Florida's lack of state income tax attracts these billionaires seeking financial advantages.

11 Aug 2026 · 15:38

Google Co-Founder Sergey Brin Spends $100 Million Fighting Billionaire Tax

Sergey Brin isn't the only tech mogul seeking ways to avoid such a tax.

12 Aug 2026 · 10:24

Google founder donates $20mn more to organisation advocating against wealth tax

Sergey Brin, one of Google's co-founders, has pledged over one hundred million dollars to combat California's proposed billionaire wealth tax. Opponents of the tax, which will be voted on in November, are far better funded than its supporters. Other prominent tech leaders have also joined in to support the campaign against the tax, showcasing a united front against the legislation.

18 Oct 2026 · 11:49

Google cofounder Sergey Brin donated $100 mn but cannot cast a vote next month

Sergey Brin has made a significant contribution against California's proposed billionaire wealth tax to avoid financial impacts. After relocating to Nevada, he is no longer eligible to vote on this measure. This one-time tax is set to apply only to California residents from 2026 if approved. Other tech billionaires like Eric Schmidt and Peter Thiel have joined Brin in opposing the tax.