California’s proposed five percent billionaire tax is prompting wealthy individuals to relocate. Mark Zuckerberg and other tech moguls are reportedly moving their assets to Florida. This tax aims to fund healthcare for three million low-income people. Google founders Larry Page and Sergey Brin have also cut ties with California. Florida’s lack of state income tax attracts these billionaires seeking financial advantages. California’s proposed five percent billionaire tax is prompting wealthy individuals to relocate. Mark Zuckerberg and other tech moguls are reportedly moving their assets to Florida. This tax aims to fund healthcare for three million low-income people. Google founders Larry Page and Sergey Brin have also cut ties with California. Florida’s lack of state income tax attracts these billionaires seeking financial advantages.
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