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Billionaire tax battle: California voters decide on Prop 40

Billionaire tax battle: California voters decide on Prop 40
Photo: KTVU FOX 2 News · view original

If passed, Prop 40 would allow for a 5% one-time tax on Californians who have assets valued over $1 billion, including investment assets, private business interests and retirement funds. The tax revenue earned by the ballot measure would go toward state health care, food assistance and education...

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