Billionaire tax battle: California voters decide on Prop 40
Billionaire tax battle: California voters decide on Prop 40

Billionaire tax battle: California voters decide on Prop 40

If passed, Prop 40 would allow for a 5% one-time tax on Californians who have assets valued over $1 billion, including investment assets, private business interests and retirement funds. The tax revenue earned by the ballot measure would go toward state health care, food assistance and education programs. 

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