🇺🇸California's proposes "2026 Billionaire Tax Act" ballot initiative: a one-time 5% tax on net worth over $1B for residents as of Jan 1, 2026 (payable over 5 years), to fund healthcare amid federal cuts.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
🇺🇸California's proposes "2026 Billionaire Tax Act" ballot initiative: a one-time 5% tax on net worth over $1B for residents as of Jan 1, 2026 (payable over 5 years), to fund healthcare amid federal cuts.