Assemblymember Rhodesia Ransom, D-Tracy, has won reelection to California State Assembly District 13, defeating former San Joaquin County Supervisor Tom Patti in the Nov. 3 general election. Unofficial results from the San Joaquin County Registrar of Voters showed Ransom leading with 41,282 votes,…
SACRAMENTO — Before you worry that some of the nuttier ideas from the Democratic Socialists of America will instantly take root across the country, be sure to consider California, where those viewpoints would presumably be more popular than in most other…
The Frente Amplio estimates its proposed wealth levy would affect about 231,000 people, while 99% of the population would remain outside it. The figures come from the party, which says those affected would represent roughly 1% of income-tax filers. Spain already has a…
Voters in several states endorsed higher taxes on wealthy households in Tuesday's midterm elections, but the most ambitious proposal of all—a one-time 5% tax on California billionaires—appears headed for defeat. The results suggest Americans are willing to ask the…
LOS ANGELES, United States (AFP) — A proposal to levy a one-off tax on billionaires in California appeared to be headed for defeat Wednesday in a vote being watched around the world at a time of growing anger over wealth disparity.
California billionaires track state tax reform developments as ongoing election tallies project a decisive rejection across local precincts. The ballot measure aimed to leverage an extraordinary levy on high net worth individuals to fund public healthcare systems. San Francisco Chronicle…
California's proposed billionaire tax appeared headed for defeat on Wednesday in one of the final verdicts from voters in an election week that saw a wave of anti-billionaire sentiment elsewhere. Posted by sitzkrieg at 06:33 PM | 1 COMMENT | permalink | Comment on This…
Voters weighed in on tax ballot initiatives across at least 10 states this week, returning verdicts that demonstrate plenty of "tax the rich" sentiment despite the likely failure of California's high-profile plan for a wealth tax. Other successful measures sought to…
California voters appear to be rejecting wealth taxes, particularly on billionaires, but an initiative to make it more difficult to raise taxes via ballot measures is currently failing. As of Wednesday morning, Proposition 40, a wealth tax on billionaires, appears headed…
Bloomberg Tax California voters approved a ballot measure to make the state’s top personal income tax rates permanent, according to unofficial Nov. 3 election results. California’s top three income tax rates are 10.3%, 11.3%, and 12.3% and were set to expire in 2031. Proposition 3 removes…
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