CABTANLT143 · MATTER
NLT143·Calculator·All math from the AG-filed PDF

What would you owe?

Move the slider. The calculator applies the §50301(b) phase-in, the §50301(c)(2) installment option with its 7.5 percent annual deferral charge, and the §50306 apportionment rules to a net worth you supply. Every figure shown traces to a specific section of the bill.

This is not tax advice. Real liability depends on valuation timing, asset composition, prior-year transfers, trust structures, and the apportionment method available to the taxpayer. See /bill for the full provisions.

◆ Annual income · single filer
$
$0$5M

Single filer. Standard deduction applied. State and federal progressive brackets, 2025 schedules.

The 2026 Billionaire Tax Act does not tax income. It taxes net worth above $1 billion. The receipt shows what you pay today versus what billionaires pay, per the findings of the Act itself and the NBER paper it cites.

¢ NLT143
California Franchise Tax Board · est. simulation
2026 Billionaire Tax Act
Income mode · single filer · 2025 schedules
Annual gross income
single filer · 2025
$150,000
California income tax
9 brackets · 1%–13.3%
$9,977
Federal income tax
7 brackets · 10%–37%
$25,343
Combined income tax
$35,320
Effective rate: 23.5%
2026 Billionaire Tax Act
§50301(a)
$0
The Act applies only to net worth at or above $1B. You are not in the base.
Comparison · Findings (s) of the Act
You (combined fed + state)
this receipt
23.5%
Average CA taxpayer · all-tax
findings (s)
30%
CA billionaire · all-tax
NBER WP 34170
24%
What it would take · educational
Years to reach $1B
100% post-tax savings rate
8,720
If the Walczak projection holds
Annual loss · low
$3.53B / 39M Cal
$91/Cal
Annual loss · high
$4.49B / 39M Cal
$115/Cal
If the Walczak Tax Foundation estimate is right, the iceberg below the line costs roughly $90 to $115 in lost ongoing services per Californian per year. The pro side disputes this magnitude.
NOT IN CABTA BASE
Where this fits

Numbers, not narratives.

Read the projection at /projection for what the state collects on day one versus what the Walczak paper argues it loses ongoing. Read the bill at /bill for the verbatim provisions.

NLT143 · Built by @davidtphung