The consultant who once warned that California’s richest poured millions into politics because they had something to gain is now helping billionaires fight a tax on their fortunes. Ned Wigglesworth, who decried the “billionaire boys’ club of politics” as a campaign finance reformer decades ago, is a key strategist behind Building a Better California, the
After Elon Musk’s Department of Government Efficiency (DOGE) slashed more than a quarter of the 100,000-person workforce at the IRS, the agency received 140.2 million individual returns and issued more than 90.4 million refunds, slightly down from the year before. While the IRS described the 2026 tax season as successful, former acting Commissioner Douglas O’Donnell
Harry and Meghan, the Duke and Duchess of Sussex, are returning to the U.K. after living in the U.S. for the past six years. They’re moving from their Montecito mansion to a private residence outside of London, but the timing of their surprise homecoming could mean they miss out on tax breaks. Experts say that
Jason Haber, who runs the American Real Estate Association, said the list of names and addresses threatens people’s safety. “Imagine the gift this is to scammers, to fraudsters, to anyone with ill will,” he said. He said a foreign actor could download the list and send an email to residents posing as the city asking
Lawmakers in Sacramento introduced a budget fix on Thursday that helps film producers by adjusting a state cap on tax credits. The agreement, first reported by Variety on Tuesday, falls short of a full carveout for film and TV tax credits from a blanket $5 million annual cap, which industry leaders have been seeking since
Silicon Valley made a fortune betting on disruption. Now some of the most recognizable names in venture capital and Big Tech are spending millions to disrupt California’s plan to tax them. Campaign finance records show Palantir cofounder Peter Thiel, crypto billionaire Chris Larsen, Google cofounder Sergey Brin, and longtime venture capitalist John Doerr donated to