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April 11, 2026

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You’re paying taxes — why aren’t billionaires?

Law & Politics

You’re paying taxes — why aren’t billionaires?

USATimes247 April 11, 2026

You’re paying taxes — why aren’t billionaires?

In California, roughly 200 billionaires collectively hold about $2 trillion in wealth. Yet much of that fortune goes virtually untouched by income taxes. Why? Because it isn’t treated as “income” at all.

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