Arguments in education tax on rich comes down to fine (percentage) points. See related news here

| August 15, 2018

By Howard Fisher •  Capitol Media Services • Arizona Capitol Times • Arizona Daily Sun

The question of whether Arizonans get to vote on a tax hike on the wealthy to raise $690 million a year for education could depend on what a judge thinks of a math teacher’s explanation of the difference between “percent” and “percentage point.”

At a hearing Tuesday, both sides agreed that the Invest in Ed initiative would boost the tax rate on earnings above $250,000 a year for individuals and $500,000 from 4.54 percent to 8 percent. And what’s clear is that the mathematical difference between the two figures is 3.46.

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Category: Education

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