Unpacking the Billionaire Tax: Episode 4

Proposition 40, headed for the November ballot, is known for one number: a 5% tax on Californians worth more than a billion dollars. But the initiative runs 31 pages, and most of it never makes the headlines.

In Episode 4 of Unpacking the Billionaire Tax, host Howard Miller and tax attorney Robert Wood turn to what happens after passage: the procedural path if the act is challenged in court, and the practical questions of timing and collection once the tax takes effect.