Introduction to the Billionaire Tax Sergey Brin, co-founder of Google, has spent $100 million to fight California's proposed billionaire tax, Prop 40.[^1][^2][^3][^4] This tax would impose a one-time 5% tax on the net…
The Proposed Tax Prop 40 would impose a one-time 5% tax on the net worth of the state's billionaires.[^5][^6][^7][^8] Sergey Brin's spending is one of the largest contributions to the anti-tax campaign.[^1][^2][^3][^4…
The Campaign Against the Tax Brin's $100 million contribution is part of the campaign against the tax.[^1][^2][^3][^4] The campaign has been using various tactics to try to sway public opinion, including advertising a…
Outcome The outcome of the proposal will have significant implications for the state's economy and its residents. California's Prop 40 is a one-time 5% tax on the net worth of the state's billionaires.[^5][^6][^7][^8]…