Home › News

The 'poison pill' ballot measure that could kill the California billionaire tax

Image: CNBC

The California billionaire tax could face a stiff challenge from a competing ballot measure that would ban state taxes on retirement accounts, according to tax experts.

California voters will decide the fate today of Proposition 40, known as the Billionaire Tax Act, which would impose a one-time tax of 5% on the total net worth of Californians worth over $1 billion. The so-called "billionaire tax" is one of the most widely watched ballot measures this election season, since it would be the first state tax on net worth and taps popular anger over the rising power and wealth of tech billionaires.

Continue reading at CNBC

This page shows only an excerpt. The full story is published by CNBC.

More news View More

Rupiah Bangkit ke Rp18.084 per Dolar AS Pagi Ini

CNN Indonesia · 11m ago

Breaking! IHSG Melesat 3%, Ini Penyebabnya

CNBC Indonesia · 11m ago

Rupiah Dibuka Menguat 0,19% ke Rp18.120 per Dolar AS

CNBC Indonesia · 13m ago

Ujian Ketahanan Industri Nasional di Tengah Gejolak Rupiah

Liputan6 · 15m ago

Ditemukan Pelanggaran, BKN Blokir Data Kepegawaian Pemprov Sulbar

Liputan6 · 20m ago

Breaking! Pembukaan IHSG Naik 2% Lebih, Ini Penyebabnya

CNBC Indonesia · 32m ago

Ujian Ketahanan Industri Nasional di Tengah Gejolak Kurs

Liputan6 · 35m ago

IHSG Berakhir Menguat, Simak 5 Saham Pilihan Hari Ini

CNBC Indonesia · 40m ago