Proposition 40: One-Time Tax on Certain Individuals and Trusts
California
My vote power
Above average
Election date
November 3, 2026
How do we calculate my vote power?
What goes into the rating for ballot measures: Representation: how much weight one vote carries here compared with a statewide vote — the smaller the district, the more each vote counts. You have more power in ballot measures because you vote directly on the policy.
Representation: Average · 50 out of 100
This district covers a large share of its state, so each vote carries about average weight — like a vote in a statewide race. About 39,287,377 people live here.
Show the representation math
score = 50 + 50 × ln(state population ÷ this district's) ÷ ln(50,000) = 50 + 50 × ln(39,287,377 ÷ 39,287,377) ÷ ln(50,000) = 50, measured against a statewide vote in CA (grades: 66+ high, 55+ above average, 33+ average, otherwise low; a statewide race is the 50 baseline)
Average representation + a direct vote on the policy → My vote power: Above average.
Ballot Measure
Supports: Healthcare Affordability, Reduce Wealth Gap, Social Programs and Welfare
California would charge billionaires a one-time tax equal to 5% of their wealth. Real estate, pensions, and retirement accounts would generally be excluded. The tax could raise tens of billions of dollars, with 90% used for public health care. Income-tax revenue could then fall by less than $1 billion yearly.
Read the official ballot measure (PDF)
A YES vote means
California billionaires would owe a one-time 5% wealth tax. Most revenue would fund public health care.
A NO vote means
California would not collect this one-time wealth tax or create its required spending funds.
Sources: sos.ca.gov · lao.ca.gov