World · 1 hour ago

Google cofounder spends $102 million fighting California's wealth tax

Sergey Brin, Google's cofounder, has spent $102 million to oppose California's proposed tax on billionaires, called Proposition 40. The initiative would levy a one-time 5% tax on the state's 200 billionaires, with most revenue going to healthcare. Brin, whose assets exceed $259 billion, might face a tax liability of around $13 billion should the levy be introduced.

By BriefTea Editorial · 4 October 2026 at 15:03

Reported by economictimes.indiatimes.com · How we write briefs