America's tech elite are holding their breath as they await California's billionaire tax vote
Source: Business Insider ·
California voters are weighing Prop. 40, a one-time billionaire tax that has Silicon Valley executives funding campaigns and weighing their options.
From the source
Californians are voting on a proposal that could send a one-time, huge tax bill to the state's billionaires.Lester Cohen/Getty ImagesCalifornians are debating how to tax their ultra-rich neighbors. Silicon Valley is sweating it.It could bring in $100 billion to plug a coming Medicare hole — or lose billions in tax revenue.The debate has created fresh political and tech exec divides.Tune in to the latest episode of "How to Tax a Billionaire: California Edition" — it's filled with drama, tech celebrities, and there's a big pot of money at stake!Today, Californians are heading to the polls, where they'll be asked to answer "Yes" or "No" to Proposition 40, which would impose a one-time "5% tax on certain taxpayers with assets over $1 billion."The vote has started a showdown that's been shaking up Silicon Valley executives for months.Google cofounder Sergey Brin, former Google CEO Eric Schmidt, Affirm CEO Max Levchin, Stripe CEO Patrick Collison, DoorDash CEO Tony Xu, Kleiner Perkins…