A customer enters a Block Advisors tax preparation office in San Anselmo, Calif., on April 15, 2019. Justin Sullivan/Getty Images
A number of CEOs and founders of major tech companies across California are opposed to a ballot initiative proposing a one-time tax on billionaires.
The California “Billionaire Tax Act” is a ballot initiative that seeks to impose a 5 percent personal wealth tax on residents who have a net worth of over $1 billion in certain types of assets and live in the state as of Jan. 1, 2026. Revenue generated from the tax is intended to fund health care, food assistance, and education programs, according to the initiative’s text.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.
Read Full Article: https://www.theepochtimes.com/us/tech-ceos-founders-react-to-proposed-california-billionaire-tax-5973004/?utm_source=partner&utm_campaign=whatfinger
