# California's wealth tax fate could outlast election

Prop 13 limits property tax increases and shaped California's tax policy. Prop 43 would require two-thirds voter approval for local tax hikes. Prop 40 proposes a 5% wealth tax on 200 billionaires for healthcare funding.

https://www.smdp.com/why-the-fate-of-californias-wealth-tax-could-be-decided-well-after-the-election/

Image: https://storage.ghost.io/c/55/9f/559f9abc-8372-4a2e-8c2d-27386da4e363/content/images/2026/10/calmmm.jpg

#california #taxes #prop40 #prop13 #wealth

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Canonical URL: https://qwibbit.com/q31019

Created: 2026-10-28T16:39:36.002383+00:00

Last edited: 2026-10-28T16:39:36.002383+00:00

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Origin: Syndicated

Original source: https://www.smdp.com/why-the-fate-of-californias-wealth-tax-could-be-decided-well-after-the-election/