California voters reject Prop. 40 billionaire tax - CalMatters California will not become the first state to levy a wealth tax on its richest residents — at least not this election Voters rejected Proposition 40, a proposal to tax billionaires based on their net worth and financial holdings, by 52 8% to 47 2%, according to The Associated Press Monday The measure had trailed behind for days before The Associated Press confirmed results Leaders for
Californias Prop 40 billionaires tax measure is rejected, AP . . . Voters rejected California's so-called "billionaires' tax" ballot initiative, according to a projection from The Associated Press on Monday This means that the state will not levy a 5% tax on the wealth of California taxpayers and trusts with assets valued over $1 billion This measure is known as Proposition 40
California voters reject 5% billionaire wealth tax - Reason. com California voters have rejected Proposition 40, a proposed one-time 5 percent tax on billionaires 52 8 percent of voters opposed the measure, with 47 2 percent supporting it, according to The New
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