Real Estate & Home

California's Billionaire Tax Doesn't Include Homes-Here's How Much Wealthy Residents Like Mark Zuckerberg Could Save by Making Key Change

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California's proposed billionaire tax exempts personal real estate from being taxed but includes properties held through LLCs. This loophole allows wealthy residents like Mark Zuckerberg and Sam Altman to significantly reduce their taxable wealth by restructuring property ownership, potentially saving millions in taxes if the measure passes. Tech professionals should monitor how other billionaires adjust their property holdings in response to similar tax laws.

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