SENSEX
NIFTY
GOLD
USD/INR

Weather

image 27    C

World News

The Hindu

World / The Hindu

details

California could become the first State to tax billionaires' wealth

Proposition 40 would impose a one-time 5% tax on the wealth of Californians whose net worth exceeds $1 billion, with most of the revenue dedicated to replacing federal funding cuts to healthcare

3 Nov 2026 12:39 pm