LeBron James joins California's billionaire exodus - but he may not escape the wealth tax
As California billionaires flee to Florida or fund the fight against Prop 40, LeBron's decision adds a new wrinkle to the tax reckoning.
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A closer look at James’ situation illustrates just how complicated—and possibly futile—fleeing California has become for the ultra-wealthy this year. A tax that doesn’t care where you live now Proposition 40’s mechanics are unforgiving. The measure u... [4278 chars]
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Reporting and source material from Source material. This article provides The Universal Outlook's independent editorial analysis.
