Brin Spent $100M to Avoid a $13B Tax Bill — And He’s Not Alone | Barbie Moreno
Here is a story about a man who spent $100 million to avoid paying $13.3 billion, and we need a moment to let that math sink in. Google co-founder Sergey Brin, the world’s fourth richest person with an estimated net worth of $267 billion, has now donated over $102 million to a California campaign group called Build a Better California, which is fighting Proposition 40 — a ballot measure going before California voters in November that would impose a one-time 5 percent tax on the net worth of the state’s roughly 200 billionaires. The estimated revenue from the tax would [See More…]
