Dossier
one-time 5% tax
Coverage of one-time 5% tax in the Nexus archive.
- California billionaire tax proposal garners enough signatures to head to ballot
A one-time 5% tax on billionaires in California has gathered enough signatures to appear on the November ballot. The proposal faces opposition from Silicon Valley tech leaders and Governor Gavin Newsom, despite proponents collecting over 1.5 million signatures.