In Arizona: Teacher’s Unions won a 20% raise in 2018. Now they and others want a huge state tax increase
(From The Wall Street Journal)
Arizona has long been a refuge for Americans seeking relief from high-tax California and states in the Northeast. But a tax referendum on the ballot Nov. 3 would whack job creators and make people rethink retirement in Scottsdale or a business move to Tucson.
Proposition 208, or the Invest in Education Act, would impose a 3.5% surtax on incomes above $250,000, or $500,000 for joint filers. The current top rate of 4.5% would rise to 8%, which would move the state to the 10th highest income-tax rate in the country, from 11th lowest today, according to the Tax Foundation. Arizona would move closer to California (13.3% top rate) than Nevada (no income tax).
This article was originally posted here: https://www.ac2news.com/2020/10/in-arizona-teachers-unions-won-a-20-raise-in-2018-now-they-and-others-want-a-huge-state-tax-increase/.