Skip to content
Latest
PoliticsPBS News Hour - The Latest

California voters consider proposition to tax billionaires' wealth

By Sophie Austin

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.

Read Original Article

Explained in this story

Revenue

The total money a company earns from selling goods or services before any costs are subtracted.

Revenue growth shows demand for a company's products; profit shows whether it earns money from them.

More about Revenue

More in Politics

From the blog