Tax the Rich: New York’s Wealth Tax Debate

By Maria Petrova - World Editor

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January 12, 2026 3:53 pm

Tax the Rich: New York’s Wealth Tax Debate

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HereS a breakdown of⁢ the key⁢ details from ⁤the provided text:

* New California Tax: California is considering a new tax on billionaires. This tax ⁢is unique because it would apply to anyone ⁢who was a California resident on January 1, 2026, nonetheless of whether they still live there when the tax is implemented.
* Potential Impact:

* Peter Thiel: Could face a bill of $1

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Maria Petrova - World EditorWord Editor

Full Name: Maria Petrova Role: Editor, World Category: World Location: Sofia, Bulgaria Education: MA in International Relations, Sofia University Experience: 14+ years in international news reporting and editorial leadership Expertise: Geopolitics, global affairs, cross-cultural reporting, human rights Awards: European Press Prize for International Reporting 2022 Professional Affiliations: Member, International Federation of Journalists Languages: Bulgarian (native), English (fluent), Russian (fluent), French (conversational) Bio: Maria Petrova is an accomplished international journalist and editor with over 14 years of experience covering global affairs, geopolitics, and human rights. She holds an MA in International Relations from Sofia University and has contributed to Balkan Insight. Maria is known for her insightful analysis, cross-cultural perspective, and commitment to accurate, balanced reporting. As Editor of the World section at World Today Journal, she leads coverage of major international events and stories that shape our planet.