Aug. 13, 2026
Unpacking the Billionaire Tax: Episode 4
A win at the ballot box is only step one -- Howard Miller and tax attorney Robert Wood look at the legal challenges and collection questions Proposition 40 would face next.
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.
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