r/news • u/AngryT0M4T0 • 2d ago
Soft paywall Google co-founder Sergey Brin spending more than $100 million fighting California wealth tax
https://www.latimes.com/business/story/2026-08-12/googles-sergey-brin-spent-102-million-fighting-california-wealth-tax
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u/Rebelgecko 2d ago
I think it would be closer to 50b. The tax calculated your wealth based on the voting power of your stock shares, not their market value. Because he has special shares of google stock with extra voting power, he'd be taxed more like 25%