Tax Researchers Oppose California Prop. 40 in Voluntary Survey

A voluntary survey found that 73 of 105 tax researchers who responded would vote against California’s Proposition 40, a proposed tax on certain high-value assets, but the results do not establish the views of the broader tax-research community. The 73 opponents represented 69.5% of respondents; 32, or 30.5%, said they would vote for the measure. Jeff Hoopes, a University of North Carolina professor and research director of the UNC Tax Center, had received the responses by 5:17 p.m. ET Oct. 13 (9:17 p.m. UTC). Hoopes received 105 responses from 486 apparently valid email addresses, a 21.6% response rate. The survey was anonymous and voluntary. Hoopes wrote, “The results therefore describe the people who responded.” Respondents included 69 economists, 20 accountants, 15 lawyers and one person who identified another field.

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