Billionaires Flee to Tax Haven Just Across the California Border
Failed to add items
Add to basket failed.
Add to wishlist failed.
Remove from wishlist failed.
Adding to library failed
Follow podcast failed
Unfollow podcast failed
Billionaires Flee to Tax Haven Just Across the California Border
-
Narrated by:
-
By:
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Incline Village has become a billionaires' playground with prime lakefront property, alpine seclusion, and no state income taxes, attracting ex-Californians. The sales volume for single-family homes in Incline Village and Crystal Bay surged to roughly $232 million in the first quarter, with 22 homes sold for more than $2 million. The influx of wealth is raising eyebrows among locals, who worry that the town is transforming into a luxury ZIP code with room for ultrarich tech titans and few others.
For more, Carol and Tim Stenovec spoke with Eliyahu Kamisher, Bloomberg News California Reporter
See omnystudio.com/listener for privacy information.