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October 19, 2020, 10:15:04 AM
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  Election day could be brutal for Arizona ultra high earners
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Author Topic: Election day could be brutal for Arizona ultra high earners  (Read 686 times)
rob in cal
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« on: October 12, 2020, 01:18:46 PM »

If both Biden wins and Arizona passes the 3.5% surtax on incomes over 250k (single) and 500k for married filing jointly, really high earners will possibly see both a significant federal tax hike through higher federal income and social security tax, plus the new state tax.
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Clarko95
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« Reply #1 on: October 12, 2020, 03:06:06 PM »

if you're a single person with $250,000 in taxable income.....lol, "brutal"
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АverroŽs 🦉
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« Reply #2 on: October 14, 2020, 07:33:39 AM »

At least they'll get a win on the SALT deduction. Smiley
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Sprouts Farmers Market ✘
Sprouts
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« Reply #3 on: October 14, 2020, 08:47:12 AM »

If any Democrat shows a spine, we might finally remove the income cap for payroll taxes as well. But I guess there's nothing to fear on that front.
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