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California’s Wealth Tax Explained (And Why It Might Fail)

California's billionaire tax is on the ballot this November, and it raises more questions than answers. From lost government revenue to legal battles that could drag on for years, what would this first-in-the-nation wealth tax actually do?

We haven't written up this one. Tax Foundation has the full story — the link below goes straight to it.

Read the original at taxfoundation.org →

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