Tuesday, 10 November 2026
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BBC Business· Business

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.

Published Tuesday, 10 November 2026 at 03:34
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.

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