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The wealth taxes and high net worth individual taxes rolling out today.🧵#statetax
1. California: a two-tier wealth tax on the worldwide wealth (tangible and intangible, financial and non-financial) of high net worth individuals (1% > $50 million, 1.5% > $1 billion). #caleg #capolitics #wealthtax
2. Connecticut: a surtax of up to 20% on capital gains income for the highest earners, plus a higher CIT and a digital advertising tax. #ctpolitics #ctleg #wealthtax
I'm going to geek out for a minutes and tweet some quotes from Hawaii Attorney General Russell Suzuki's testimony against a resolution to call an Article V convention, because it is really good. capitol.hawaii.gov/Session2018/Te… #HIleg #HInews
"We advise the Legislature that a
federal constitutional convention called with this resolution could potentially open up
each and every provision of the United States Constitution to amendment or repeal."
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federal constitutional convention called with this resolution could potentially open up
each and every provision of the United States Constitution to amendment or repeal."
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"In other words, a federal constitutional convention could propose amendments to eliminate the protections of free speech; the protections against racial discrimination; the
protections of freedom of religion;..."
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protections of freedom of religion;..."
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