Franchise Tax Board
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Business
California Proposition 40 Targets Billionaires With 5% Wealth Tax
A one-time levy targeting California’s wealthiest residents has become the most consequential fiscal question on any state ballot in the…
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Lifestyle
California Proposition 40: Inside the $100 Billion Billionaire Wealth Tax on the November Ballot
A one-time 5% levy on the net worth of California’s roughly 250 billionaires heads to voters this November as Proposition…
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