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Proposition 42 (Retirement & Personal Savings Protection Act)
In PWD coverage since September 29, 2026 · 1 story
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policy
California's Proposition 42 would shield 401(k), pension and IRA assets from new personal-property taxes
The measure responds to state tax proposals from 2019, 2022 and 2024, and its backers cite a study estimating that a 1% asset tax could cost retirees $225,000 to $1.2 million over a lifetime.