Sergey Brin’s $102 million helped sink California’s billionaire tax and may block the next one

As of November 10, California voters had rejected Proposition 40, a proposed one-time tax on billionaires, while Proposition 42 led with 51.6% of the vote. Backed by a committee that received $102 million from Sergey Brin, Proposition 42 would bar new state taxes on personal property and financial assets.