Google co-founder Sergey Brin has now spent $100 million to fight the billionaire tax
California’s Prop 40 would impose a one-time 5% tax on the net worth of the state’s billionaires.
billionaire tax
Why Silicon Valley is really talking about fleeing California (it’s not the 5%)
If you’ve been following the billionaire exodus from California with some confusion, here’s what’s actually driving the nervousness: it’s not the 5% rate. As highlighted Friday in the New York Post, the proposed wealth tax would hit founders on their voting shares rather than the actual equity they own. Take Larry Page, who about 3% […]