# California's Prop 40: One-Time 5% Tax on Billionaires Divides Voters

Event ID: nev_01m1c9gvq0fgq92z0fsagapmjy

Canonical: https://kleory.com/news/events/nev_01m1c9gvq0fgq92z0fsagapmjy/

Occurred: 2026-08-16T03:06:47.228Z


## Attached claims

- [California Proposition 40 would require billionaires who were state residents on January 1, 2026 to pay a one-time tax equal to 5 percent of net worth, due in 2027.](https://kleory.com/news/cases/xnews-da48bdeac916/) — developing