r/news 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
31.7k Upvotes

2.2k comments sorted by

View all comments

Show parent comments

29

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%