Prop 3: Taxes on High-Income Earners

California has a progressive income tax system: the more you make, the more you pay in taxes. For years, voters have approved certain tax rates for high-income earners. Proposition 3 would lock in a marginal tax rate of 10.3% to 12.3% for the state's highest income earners. The money would help fund education and health care. Additional Resources: Read the transcript for this episode Catch up on all of Prop Fest 2026 Your support makes KQED podcasts possible. You can show your love by going to https://kqed.org/donate/podcasts This story was reported by Guy Marzorati. Prop Fest is a collaboration between Bay Curious and The Bay. It’s made by Olivia Allen-Price, Katrina Schwartz, Christopher Beale, Anna Casalme, Ericka Cruz Guevarra, Alan Montecillo, Gabriela Glueck and Pauline Bartolone. Additional support from Jen Chien, Katie Sprenger, Maha Sanad, Ethan Toven-Lindsey and everyone on Team KQED. Learn more about your ad choices. Visit megaphone.fm/adchoices