Google co-founders may be leaving California
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Google co-founders Sergey Brin and Larry Page are reportedly reducing their presence in California. Recent reports indicate that Brin has terminated or converted 15 LLCs overseeing his investments to Nevada, while Page has seen 45 LLCs become inactive or relocate. Page's trust also purchased a $71.9 million mansion in Miami. These moves may be an attempt to avoid a proposed 5% tax on billionaires in California, which could apply retroactively if passed in November.
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