Billionaires Tax Initiative
Plain-English Summary
This proposed ballot initiative would levy a one-time 5% tax on the 2025 net worth of California residents identified as billionaires. The revenue generated, estimated at $100 billion, would be allocated to a special fund, with 90% for health care and 10% for K-12 education.
What each outcome does
If this measure passes, a one-time 5% tax will be levied on the 2025 net worth of California billionaires, with the revenue directed to health care and K-12 education.
If this measure fails, the proposed one-time 5% tax on California billionaires' net worth will not be implemented, and the state will not receive the estimated $100 billion in revenue for health care and education from this source.
Who is funding each side
BallotPulse is non-partisan. We summarize each outcome in plain English and disclose the money on both sides. We do not tell you how to vote. Always read the official ballot text and decide for yourself.