Key facts
- California's ultrawealthy are working with tax advisors on new strategies.
- The strategies are a response to a proposed billionaire tax in California.
- The impending legislation presents new financial considerations for these individuals.
California's wealthiest residents are actively seeking innovative approaches, guided by their tax advisors, to navigate the potential impact of a proposed billionaire tax. The impending legislation has introduced new financial considerations, prompting these individuals to explore various strategies to address the new tax landscape.