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California lawmaker joins other blue states in latest attempt to tax rich people

Por: Los Angeles Times Politics January 20, 2023

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Even in progressive California, passing a new tax on ultra-rich residents is a longshot. But a Democratic lawmaker is trying again, this time flanked by similar efforts in other blue states. A bill San Jose Assemblymember Alex Lee plans to introduce would impose new taxes on California's extremely wealthy, at a rate of 1.5% on those worth more than $1 billion starting next year, and at 1% for those worth more than $50 million starting in... + full article



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