Proposition 40 targeted Californian billionaires with a 5% tax on their total wealth, including assets such as shares as well as income.
Californians reject wealth tax for billionaires
EXECUTIVE SUMMARY
Proposition 40 targeted Californian billionaires with a 5% tax on their total wealth, including assets such as shares as well as income.
Key Takeaways
- Californians reject wealth tax for billionaires.
- 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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Published originally on BBC News
