California voters reject one-time wealth tax on billionaires
· cnn.com · popularity 42/100 · 1 similar story today · Taxes & Accounting (Money, Markets & Investing)
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Summary
Voters in California have rejected a measure to impose a one-time 5% wealth tax on residents with a net worth of over $1 billion. Proposition 40 became one of the highest-profile and expensive fights over ballot measures this election cycle. With the backing of billionaire funders, groups opposing …
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