The biggest increases include an additional $300 million this year from capital gains taxes that are generated on Wall Street and largely paid by Fairfield County millionaires.
—
Christopher Keating,
Hartford Courant,
12 Nov. 2026
Mortgage-holding homeowners with more than $1 million in home equity are considered equity millionaires.
Life insurance can help provide the money an estate needs to cover those liabilities, allowing heirs to avoid selling valuable assets simply to pay a tax bill.
—
Dan Avery,
CNBC,
6 Nov. 2026
Michael’s only daughter says she has been forced to spend her own resources to ask the court to order a partial distribution of $600 million to the heirs’ family trust as the beneficiary of Jackson’s estate.
Propositions 41 and 42 While Proposition 40 focuses narrowly on taxing billionaires, competing Propositions 41 and 42 would have broader impacts on the state’s ability to enact new taxes.
—
Vanessa Martínez,
Los Angeles Times,
7 Nov. 2026
But with Anthropic poised to become the first pure-play AI company to hit the public market, minting a number of new billionaires and many more millionaires in the process, a heightened level of scrutiny is coming.
Over those decades, tycoons have leveraged their fortunes to shape the state with their railroads, mines, newspapers, oil businesses and ranching and agriculture.
—
Patt Morrison,
Los Angeles Times,
30 Oct. 2026
Its mix of escapist fantasy and emotional substance has never felt more dialed in, nor the political relevance of staggering income inequality and meddlesome tycoons more pronounced.
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