# California Voters Reject a Proposed One-Time 5% Billionaire Tax By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/54086 Published: 2026-11-11T14:33:36.000Z Updated: 2026-11-11T14:33:36.000Z Section: Regulation > The measure targeted billionaires who lived in California on Jan. 1, 2026, with payment due in 2027. California voters rejected a proposed billionaire wealth tax that would have imposed a one-time 5% levy on billionaires who lived in the state on Jan. 1, 2026, with payment scheduled for 2027. Economists Owen Zidar and Eric Zwick argued that [revamping California's property-tax rules could produce more revenue over the long run than collecting a single wealth-tax payment](). ## Links in this article - [revamping California's property-tax rules could produce more revenue over the long run than collecting a single wealth-tax payment](https://www.tokenpost.com/news/regulation/45599)