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Florida voters approved Amendment 3, lifting the non-school homestead exemption from $50,000 to $150,000 in 2027 and $250,000 in 2028 and capping non-homestead assessment growth at 5%. State economists project local revenue losses approaching $12 billion a year, with renters, landlords and commercial owners likely to absorb part of the shift.
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Italy’s draft 2027 budget proposes a 26% tax on unrealised gains for residents who move abroad with at least €800,000 in covered assets. Here is how it would work, who it could catch, and what it means for wealthy investors and the businesses that serve them.
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California votes Nov. 3 on Prop 40, a one-time 5% tax on billionaires’ net worth. Forbes says the ten richest Californians alone could owe $31.5 billion, while economists split on whether the tax raises $100 billion or leaves the state $39 billion poorer.
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