Tag: Assemblyman Miguel Santiago
Amended Wealth Tax Bill to Impose 1% Upon the Worldwide Net Worth of CA Residents Worth Over $25M
On March 24, Assembly Members Miguel Santiago, Lorena Gonzalez, Ash Kalra, and Mark Stone amended Assembly Bill 310 to implement a proposed wealth tax. The bill would add Part 27 (commencing with Section 50301) to Division 2 of the Revenue...
California Wealth Tax Proposed in Constitutional Amendment
On March 22, Assembly Members Alex Lee, Wendy Carrillo, Lorena Gonzalez, Miguel Santiago, Ash Kalra, Luz Rivas, and Mark Stone introduced Assembly Constitutional Amendment 8 to propose a wealth tax to be placed before the voters. Officially, ACA 8 is...
‘Time Stealing’ Regulations for ‘The Wealth Tax’
Can you imagine having to do an inventory and net worth calculation every year? Let alone potentially being audited and having to prove that values were not intentionally understated? It’s not only financial robbery, it’s time theft! – Senator John...
California Dems’ Wealth Tax Follows People Who Move Out of the State
Assemblyman Rob Bonta (D-Oakland) made an appearance on “Cavuto: Coast to Coast” Friday to discuss his Wealth Tax proposal. Bonta told Cavuto the tax “affects about 0.15% of the California population — not the top 10%, not the top 1%,...
CA Democrats Pushing First-in-the-Nation ‘Wealth Tax’ on State’s Billionaires
Oakland Assemblyman Rob Bonta held a press conference Thursday announcing his legislation to tax the state’s wealthiest job creators and innovators – the 30,400 billionaires living and working in California. This first-in-the-nation net worth tax is estimated to generate $7.5...
CA Assemblywoman Wendy Carillo Celebrates 70th Anniversary of Communist China Takeover
California Assemblywoman Wendy Carillo (D-Los Angeles) posted photos of herself on Twitter celebrating the Communist People’s Republic of China takeover October 1, 1949 from the Republic of China. Mao Zedong, founder of the People’s Republic of China in 1949, qualifies...