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Top/Politics/California

Billionaire tax: What to know about California's Prop 40

Headline from ABC News · First reported Nov 3, 6:09 PM ET (18h ago) · Updated Nov 4, 11:05 AM ET · 4 sources, 5 articles

California

Image: ABC News

What's being reported

The measure would levy a one-time, 5% tax on the wealth of billionaires in California.

Summary from ABC News. Read every outlet's version below.

Same story, different headlines

Left · ABC NewsBillionaire tax: What to know about California's Prop 40Right · New York PostCalifornia voters lock in permanent tax on high earners to bankroll schools with Prop 3

Left1

ABC NewsLeft-CenterHigh·Nov 4, 4:38 AM ET

It's too early to call the outcome of California's proposal to tax billionaires

A California measure to tax the net worth of billionaires was too early to call Wednesday morning as the vote tally continued

Center1

ForbesLeast BiasedMostly Factual·Nov 4, 9:06 AM ET

California’s Wealth Tax Vote Too Close To Call—But Billionaires’ Historic Opposition Campaign Appears To Be Working

Billionaires dumped hundreds of millions into a campaign opposing the California wealth tax.

Right1

New York PostRight-CenterMixed·Nov 4, 11:05 AM ET

California voters lock in permanent tax on high earners to bankroll schools with Prop 3

The measure, a constitutional amendment, does not raise taxes.

Not rated · 1

Los Angeles TimesNot rated·Nov 4, 1:31 AM ET

Billionaire tax ballot measure trails; California voters reject voter ID

Californians weigh in on proposed billionaire tax, voter ID requirements, several other ballot measures.

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