Sergey Brin Spends $102 Million to Fight California Billionaire Tax
Google co-founder Sergey Brin has put $102 million into the campaign against California's proposed one-time 5% tax on billionaires' wealth. With a fortune above $250 billion, his potential liability could approach $13 billion. Revenue would fund healthcare, education and food assistance.
- Brin contributed $102 million to oppose the billionaire tax measure
- The proposal is a one-time 5% levy on wealth for qualifying residents
- On a roughly $260 billion fortune, Brin's bill could near $13 billion
- Most revenue would go to healthcare programs
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