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Proposition 3 could lock in higher income tax for wealthiest California taxpayers

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California voters will soon decide on Proposition 3, a ballot measure that proposes to make a temporary increase in income tax for the state's highest earners permanent. This proposition directly addresses the taxation of the wealthiest residents in California.
  • Proposition 3 will appear on the upcoming ballot for California voters to consider.
  • The core of Proposition 3 is to transform a currently temporary higher income tax rate for the wealthiest taxpayers into a permanent policy.
  • This measure specifically targets the income of individuals classified as the highest earners within California.
  • The decision rests with the voters of California to approve or reject the proposition.
  • If passed, Proposition 3 would establish a lasting change in the state's tax structure for a specific segment of the population.
  • The proposition aims to secure increased tax revenue by solidifying the elevated tax burden on the wealthiest Californians.
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