# California's wealth tax proposal. Thoughts? **URL:** \ **Category:** In My Humble Opinion\ **Created:** [October 29, 2020, 1:33am UTC](https://boards.straightdope.com/t/californias-wealth-tax-proposal-thoughts/924169 "2020-10-29T01:33:09Z")\ **Posts on this page:** 1\ **Showing post:** 3
**Author:** ![gdave](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/gdave/32/3683_2.png) [@gdave](https://boards.straightdope.com/u/gdave)\ **Post date:** [October 29, 2020, 6:08pm UTC](https://boards.straightdope.com/t/californias-wealth-tax-proposal-thoughts/924169/3 "2020-10-29T18:08:24Z")
My thought is there was already a thread on this a couple of months ago… > [@California Bill Would Apply Wealth Tax to Residents Who Left the State in the Last 10 Years](https://boards.straightdope.com/t/california-bill-would-apply-wealth-tax-to-residents-who-left-the-state-in-the-last-10-years/918461): > > [California Legislators Propose Wealth Tax](https://californiaglobe.com/section-2/california-legislators-propose-wealth-tax/) The bill would impose a tax of 0.4% of a state resident’s worldwide net worth in excess of $30 million, or in excess of $15 million for married taxpayers filing separately. A not surprising tax considering California’s current financial situation. The eyebrow raising part however. Section 50310 also provides special apportionment rules for the wealth tax. Basically, the “the portion of a taxpayer’s wealth subject to the tax imposed by this part sh… --- _[View the full topic](https://boards.straightdope.com/t/californias-wealth-tax-proposal-thoughts/924169)._