California is testing a simple but explosive idea: tap a small slice of billionaire wealth to shore up a healthcare system ...

Tax professionals say many taxpayers are unaware that the IRS has broad authority to seize funds once required notices are ...

(Bloomberg) -- California billionaires would face a one-time 5% tax on their wealth through a ballot initiative that advocates say could bring in about $100 billion to cover state health-care costs.

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. California has long been the land of high taxes. Its top 13.3% ...

A new proposal from Jim Mangia, president and CEO of St. John’s Community Health, has been filed with the California Attorney General this week. It seeks to place a sweeping one-time “Billionaire Tax” ...

California is testing a mileage-based tax for electric vehicles to replace declining gas tax revenues meant for road network upkeep.

A survey by IPX1031 shows that 31% of U.S. adults procrastinate during tax season. This increases their odds of facing enforcement actions from the IRS. Neglecting to report or pay punctually will not ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. California is no stranger to wildfires. Over many years, numerous ...

California’s tax climate ranks near the bottom among all 50 states, according to a new State Tax Competitive Tax Index by the Tax Foundation. California ranks 48th, ahead of only New Jersey and New ...

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