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A ballot box beside gold coins and a balance scale in front of a coastal city skyline at sunset
Business Finance Investment 

California Voters Turn Back a 5% Billionaire Tax While Washington Keeps Its 9.9% Millionaire Tax, Splitting the West Coast on Taxing the Rich

Coron @QUE.COM 2192 Views 0 Comments , , , ,

California’s one-time 5% billionaire wealth tax is on track for defeat while Washington voters keep a 9.9% tax on income over $1 million. Here is what the split verdict means for wealth planning, residency and business owners.

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California State Capitol dome at golden hour behind a balance scale weighing gold coins against a model hospital
Business Finance Investment 

California Billionaire Tax Heads to Voters as Top 10 Face $31.5 Billion Bill

Coron @QUE.COM 196 Views 0 Comments , , ,

California votes Nov. 3 on Prop 40, a one-time 5% tax on billionaires’ net worth. Forbes says the ten richest Californians alone could owe $31.5 billion, while economists split on whether the tax raises $100 billion or leaves the state $39 billion poorer.

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