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  1. 25 Ιαν 2023 · Then, they looked at the 2012 California tax increase, brought on by the passage of Proposition 30, which boosted the tax rate by 1% for individuals earning $250,000 to $300,000, 2% for individuals earning $300,000 to $500,000, and 3% for individuals earning over half a million dollars annually.

  2. 9 Φεβ 2023 · The latest proposal comes from state assemblymember Alex Lee, who is seeking to pass a new wealth tax that would impose a 1% annual tax on the wealth of individuals with net worth of $50 million or more and a 1.5% tax on the wealth of individuals with net worth totaling $1 billion or more.

  3. 29 Μαρ 2024 · A California bill to tax residents with more than $50 million in global income may have died in committee, but the ultrawealthy should still watch for potential wealth taxes. The state is likely to reintroduce a wealth tax due to a looming budget shortfall.

  4. 18 Φεβ 2022 · The Legislature is again proposing a tax on “extreme wealth” in California, a move lawmakers say could bring in billions in state revenue by raising taxes on households worth $50 million.

  5. The proposal would impose a 1% tax on extreme wealth, defined as all wealth in excess of $50 million per household, with this rate rising to 1.5% on wealth in excess of a billion dollars. Thus, a household worth $51 million would pay a tax of $10,000 annually.

  6. 19 Ιαν 2023 · San Jose Assemblymember Alex Lee plans to introduce a bill that would impose new taxes on California’s “extremely wealthy,” at a rate of 1.5% on those worth more than $1 billion starting next...

  7. 24 Ιουν 2024 · As of January 1, 2024, those earning more than $145,600 also pay this tax. A proposed wealth tax that would have imposed an additional 1.5% on California residents' net worth exceeding $1...

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