California Voters Rejected the Proposed One-Time Billionaire Wealth Tax
California Voters Rejected the Proposed One-Time Billionaire Wealth Tax California voters have rejected Proposition 40, a proposed one-time 5% wealth tax on residents with net worths exceeding $1 billion. The measure would have applied to individuals living in California on January 1, 2026, with their wealth assessed as of December 31. However, certain assets would … Read more