{
  "id": 926499,
  "title": "Why Billionaires Are Still Leaving California",
  "url": "https://urgent.news/2026/07/31/why-billionaires-are-still-leaving-california",
  "topic": "business",
  "section": "Business",
  "published": "2026-07-31T17:29:31.000Z",
  "source": {
    "name": "Tax Foundation",
    "slug": "tax-foundation",
    "url": "https://taxfoundation.org/oped/california-billionaire-tax-migration/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The California Billionaire Tax Act’s residency provisions are exceptionally vulnerable to legal challenge. Even if the tax passes and survives challenges to its broader constitutionality, billionaires who leave California sometime in 2026 have good reason to believe they can escape some or all of the tax.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}