About 70% of tax scholars would vote against California’s billionaire tax, a new survey finds

News of billionaires fleeing California over the proposed billionaire tax have dominated the headlines: the one-time tax of 5% on the wealth of California’s [perhaps dwindling] 250 billionaires. But what about those who chose to become academics, and as a result, may not have achieved billionaire status? It turns out most academics who study taxes for a living would vote against California’s proposed billionaire tax, a new survey finds. Jeff Hoopes, a professor at the University of North Carolina and research director of the UNC Tax Center, surveyed members of the National Tax Association, a professional group of mostly academic…

Source: Fortune Crypto