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Feed/Economy · Finance
Economy · Finance

California could become the first State to tax billionaires' wealth

The Hindu
Published 3 Nov 2026, 6:09 pm·1 h ago·1 min read
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Proposition 40 would impose a one-time 5% tax on the wealth of Californians whose net worth exceeds $1 billion, with most of the revenue dedicated to replacing federal funding cuts to healthcare

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