Marcus & Millichap chair spends $2M to help kill CA’s proposed billionaire tax
Marcus & Millichap founder and chair George Marcus cut a $2 million check to a campaign against the billionaire tax. Marcus made two, million-dollar contributions to “Building a Better California” on Oct. 15, campaign finance records revealed. The political action committee backed by billionaires — mostly tech founders and venture capitalists — is bankrolling countermeasures Propositions 41 and 42 to the proposed first-of-its-kind tax on California’s ultrarich on the November ballot. If Prop 40 is passed by voters in November, California billionaires would have to pay a one-time, 5 percent tax on their personal wealth. Marcus is worth $1.5 billion, […]This article originally appeared on The Real Deal. Click here to read the full story.
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