# California votes on a one-time 5% tax on billionaires: Prop 40

- By: Bull Run Post Newsroom
- 2026-11-03T06:00:00.000Z
- Produced with artificial intelligence under human editorial supervision.

## Excerpt

Californians vote on 3 November on Proposition 40, a one-time 5% tax on the net worth of billionaires resident on 1 January 2026, mostly for health care. The state's analyst expects tens of billions of dollars over several years; Props 41 and 42 could block it.

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https://bullrunpost.com/en/2026/11/03/california-billionaire-tax-what-is-on-the-ballot/

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