The number of taxpayers in New York who reported personal income of at least $1 million jumped more than 14.6% in 2024, ...

California’s proposed “Billionaire Tax Act” would impose a one-time 5% tax on the total net worth of anyone worth more than $1 billion living in the state. That would affect at least 200 people.

In 2022, New York lost billions of dollars in taxable income from residents leaving the state, trailing only California in ...