Business & Economy

Californians reject wealth tax for billionaires

Source: feeds.bbci.co.uk · Published

Californians reject wealth tax for billionaires
Source: feeds.bbci.co.uk

Proposition 40 targeted Californian billionaires with a 5% tax on their total wealth, including assets such as shares as well as income.

Proposition 40 targeted Californian billionaires with a 5% tax on their total wealth, including assets such as shares as well as income.

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California’s proposed ‘billionaire tax’ fails to pass
Technology & AI

California’s proposed ‘billionaire tax’ fails to pass

California voters rejected Proposition 40, the one-time 5% tax on billionaires, the AP reported Monday. Tech leaders outspent backers roughly 10 to 1 to defeat it, and the founders and economists TechCrunch interviewed before the vote were split on whether it would have driven ou

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