About this episode
John discusses a proposed wealth tax on billionaires in California with guest John Bash.
John is joined by John Bash, partner in Quinn Emanuel’s Austin office. They discuss a proposed California ballot initiative that would impose a one-time 5% wealth tax on individuals with net worth, including certain trusts, exceeding one billion dollars, if they are California residents as of January 1, 2026, with the tax calculated based on wealth as of December 31, 2026. The measure would amend the state constitution and apply broadly to both tangible and intangible assets. Several categori...
People in this episode
Host: John
Guest: John Bash
Topics covered
- wealth tax
- California ballot initiative
- billionaires
- tax policy
- state constitution
- assets
Keywords
- wealth tax
- billionaires
- California
- tax initiative
- Quinn Emanuel
- assets
- state constitution
Mentioned in this episode
Organizations: Quinn Emanuel
Places: California
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