billionaire tax

Taxes December 1, 2025 

The measure, which was filed with the attorney general’s office in October and opposed by Gov. Gavin Newsom, would impose a one-time 5% tax on Californians with assets worth $1 billion or more.

Taxes October 24, 2025 

A new campaign is underway in California to make the state’s wealthiest residents pay to help rescue its health care system, with organizers filing a ballot measure that would impose a one-time 5% tax on billionaires.