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:
It actually is. There were amendments to use that extra revenue to help those making 20k a year but our legislature chose not to add those amendments. They also chose to not amend it so they can’t lower the tax bracket.
8 Democrats agreed with all Republicans that those amendments should have been added.
People trying to blame and lay sides over this subject like those opposing are ignorant or something is a serious mistake and they themselves are ignorant of what is actually being made law.
Even people here will say I am using GOP talking points but even a broken watch can be right at least once a day even if it’s a party full of MAGAts.