The tax escape map: Billionaires are bolting for Florida from the West Coast and taking billions in tax revenue with them [Yahoo! Finance]
Alphabet Inc. - Class C Capital Stock (GOOG)
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Source: Yahoo! Finance
Google cofounders Larry Page (net worth $244 billion) and Sergey Brin (net worth $226 billion) rushed to leave California last year before the Jan. 1 deadline for the California billionaire tax. Both have purchased property in Florida. Meanwhile, former Starbucks CEO Howard Schultz , whose net worth is $3.4 billion, and Meta CEO Mark Zuckerberg , whose net worth is $198 billion, also both bought property in the Sunshine State last month. The tech titans and Schultz join Amazon founder Jeff Bezos , PayPal and Palantir cofounder Peter Thiel Citadel founder Ken Griffin , and Oracle cofounder Larry Ellison , who have all bought property or moved their companies' operations to Florida in the past couple of years. The rush to buy in Florida has been fueled partly by California's proposed Billionaire Tax Act , which, if passed, would charge billionaires who resided in California after Jan. 1, 2026 with a one-time tax on 5% their total net worth. The bill, which would reportedly affect
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