California Wealth Tax

A proposed 5% tax on the assets of wealthy residents in California that is being resisted by affluent individuals.


Popular moderators

1 / 2

Top picks

• nytimes.com

What to Watch in California on Election Day

Voters are deciding on whether to pass a wealth tax, who will be the state’s next governor and more. Here are five things we’re watching.
• calmatters.org

Californians vote on nation’s first wealth tax on billionaires

Some of the state’s wealthiest residents have spent hundreds of millions to defeat Prop. 40, the “billionaire tax.” Supporters say billionaires should pay their “fair share” and help fund social services.
Californians vote on nation’s first wealth tax on billionaires
• nytimes.com

On the Ballot in California: The Prospects for a National Wealth Tax

The outcome of the state’s ballot initiative for a billionaires tax could set the tone for the broader Democratic debate about how to raise more revenue.
• nytimes.com

How Billionaires Are Fighting the Prop 40 California Wealth Tax

The latest Silicon Valley billionaire club is a $333 million political ad machine that is heavily engaged in next week’s elections.
• cnbc.com

Meta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of election

With less than two weeks before the midterm elections, Meta made clear that Mark Zuckerberg is staying in California if the wealth tax passes.
Meta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of election
• cbsnews.com

Mark Zuckerberg threatened to leave California over wealth tax

Zuckerberg has agreed to remain in California for eight years as part of a board-approved plan to create new shares he can sell to pay a proposed wealth tax.
Mark Zuckerberg threatened to leave California over wealth tax