The Net Present Value of the California Billionaire Tax Act -- by Benjamin Jaros, Joshua Rauh

We are grateful to Gregory Kearney, John Doran, Matheus Cosso, and Philip Husband for excellent research assistance. We are grateful to Damon Jones and others at NBER's Tax Policy and Economy conference for feedback. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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