Billionaire tax: What to know about California's Prop 40

ABC News•Tue, Nov 3, 2026, 11:09 PM•2 min read

The measure would levy a one-time, 5% tax on the wealth of billionaires in California.

Source: [ABC News](https://abcnews.com/Business/billionaire-tax-californias-prop-40/story?id=137805474)

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