rob in cal
Jr. Member
Posts: 1,984
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« on: October 13, 2020, 01:53:04 PM » |
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Prop 208 would raise the state income tax on income over 250k for single payers and 500k on married filing jointly from current 4.5% to 8%, raising around 940 million a year with money to go to education spending.
I would support the measure if money raised wasn't explicitly earmarked but could instead go toward lowering other taxes (so a form of tax reform) or the general fund.
It is perhaps the most significant tax vote on the ballot anywhere in the US this year along with California's Prop 15, and it represents a really big change in Arizona income tax rates and policies. I'll be interested to see whether it runs stronger or weaker than Biden, and how many Dems vote against it and how many Republicans for it.
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