California's billionaires may have 2 choices in 2026: Leave the state or pay $50 million or more [Yahoo! Finance]
News Corporation - Class A (NWSA)
Last news corporation - class a earnings: 2/6 04:45 pm
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Source: Yahoo! Finance
In January, a California health care workers' union will begin collecting signatures for a billionaire tax , which would enforce a one-time, 5% tax on the assets of Californians with a net worth of more than $1 billion. This would tax assets including stocks, artwork, collectibles, intellectual property and private company shares. A wealth-intelligence firm estimated that 255 billionaires lived in California last year — a quarter of the U.S. total. For someone like Mark Zuckerberg, whose net worth is over $200 billion, he would be required to pay more than $10 billion to the state of California. The union has said the money collected will fund the state's health care, public education and food stamps programs. If the group gathers 875,000 signatures, it will have a spot on the state's ballot next November, The Wall Street Journal reported. While some like UC Berkeley's Emmanuel Saez say the tax will be “an example for the world” and “imitated in many places,” others believe t
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NWSA
Earnings
- 11/6/25 - Beat
NWSA
Sec Filings
- 12/23/25 - Form 8-K
- 12/22/25 - Form 8-K
- 12/19/25 - Form 8-K
- NWSA's page on the SEC website