Voters will get the final say on measure to tax Arizona’s rich for education. See related news here

| August 22, 2018

By • Arizona Daily Star

A judge has slapped down efforts by the Arizona Chamber of Commerce and Industry to block people from voting on whether income taxes on the rich should be hiked to generate $690 million a year for education.

In an extensive ruling (Aug. 16), Maricopa County Superior Court Judge James Smith acknowledged that, strictly speaking, hiking the top income tax rate from 4.54 percent to 8 percent for those earning more than $250,000 a year actually increases the tax rate on those earnings by 76 percent. Similarly, taking the tax rate for earnings above $500,000 for individuals to 9 percent is a 98 percent increase over the current rate.

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Category: Education

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