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Sergey Brin Donates $102 Million Opposing California Proposition 40

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Story summary
  • Sergey Brin donated $102 million to a PAC opposing California Proposition 40.
  • The anti-tax campaign has raised over $187 million, with Brin as its largest donor.
  • Proposition 40 would levy a one-time 5% tax on California’s 200 billionaires.
  • The tax would allocate 90% to health care and 10% to education, food assistance, and administration.
  • Brin’s $260 billion net worth could generate roughly $13 billion in tax liability.