The bill imposes a 9.9% tax on income of over $1 million a year, with the first payments due in 2029. It would raise an estimated $3 billion to $4 billion annually, helping to fund schools and other state services.
Archived copies of the article:
The bill imposes a 9.9% tax on income of over $1 million a year, with the first payments due in 2029. It would raise an estimated $3 billion to $4 billion annually, helping to fund schools and other state services.
Archived copies of the article:
Income is worthless. Needs to be on gross owned assets
It’s better than what we had before, which was nothing. It should be expanded to include all types of income, assets, and holdings though.