Boron, CA Sports News

California lawmakers introduce new ‘wealth tax' for ultra-rich residents

California lawmakers introduce new ‘wealth tax' for ultra-rich residents

© Provided by KTLA-TV Los Angeles California lawmakers introduce new ‘wealth tax' for ultra-rich residents

California lawmakers have introduced new tax legislation for the state's wealthiest residents.

Spearheaded by Assemblyman Alex Lee, a progressive Democrat representing the state's 24th district in Northern California, the new legislation would tax an extra 1.5% on residents with a global net worth of $1 billion and include a 1% tax for those making $50 million or more, a news release said.

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Mary Lou Pauly 3.0

Mayor of Issaquah

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Naveen Sharma

Issaquah, Washington

Mayor Pauly believes that all elected officials are servant leaders for the community they represent. As electeds, it is most important that we connect with our community, work to understand the values, goals and priorities of this special community, and reflect that in all the work that we do.

Naveen Sharma

Issaquah, Washington

Mayor Pauly believes that all elected officials are servant leaders for the community they represent. As electeds, it is most important that we connect with our community, work to understand the values, goals and priorities of this special community, and reflect that in all the work that we do.

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