The Times of India

Google cofounder Larry Page richest to exit California: $100bn revenue target at risk

As Californians gear up for the vote on Proposition 40, a one-time 5% wealth tax aimed at billionaires, tech mogul Larry Page, co-founder of Google, is contemplating a move out of state to dodge the hefty taxes. This potential exodus could threaten the proposed $100 billion revenue, with estimates suggesting a looming $29 billion shortfall in tax income as other affluent residents follow suit.