Uber (NYSE: UBER) founder Travis Kalanick moved to Austin by December 18, as billionaire departures removed an estimated $1.1 trillion from California's prospective tax base.
Prop. 42, leading with 54.6%, would ban new California taxes on wealth and investment accounts, shielding 401(k)s and IRAs from future wealth tax expansion.
Building a portfolio and living off one are two completely different skills, and almost ***** ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
California voters rejected the billionaire tax on Tuesday by a wide margin. Election-night returns counted by The Center Square showed Prop. 40 losing 56.5% to 43.5%, with 68.5% of precincts partially reporting. According to The Center Square, the measure would have imposed a one-time 5% tax on residents with wealth of $1 billion or more. News outlets widely reported its defeat.
If you have a 401(k), an IRA or a brokerage account, the result that matters more to you is a different one. Prop. 42 would ban new state taxes on wealth, investment accounts and personal property. In The Center Square's count, it was leading with 54.6% of the vote.
#wealth #center #uber #billionaire
Prop. 42, leading with 54.6%, would ban new California taxes on wealth and investment accounts, shielding 401(k)s and IRAs from future wealth tax expansion.
Building a portfolio and living off one are two completely different skills, and almost ***** ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
California voters rejected the billionaire tax on Tuesday by a wide margin. Election-night returns counted by The Center Square showed Prop. 40 losing 56.5% to 43.5%, with 68.5% of precincts partially reporting. According to The Center Square, the measure would have imposed a one-time 5% tax on residents with wealth of $1 billion or more. News outlets widely reported its defeat.
If you have a 401(k), an IRA or a brokerage account, the result that matters more to you is a different one. Prop. 42 would ban new state taxes on wealth, investment accounts and personal property. In The Center Square's count, it was leading with 54.6% of the vote.
#wealth #center #uber #billionaire
15 hours ago
