Labor & Economic News Blog

Monday, April 20, 2009

Raising State Income Taxes on High-Income Taxpayers

Raising State Income Taxes on High-Income Taxpayers
As states face increasingly difficult choices for closing the gap between available resources and the cost of needed programs and services, one potential revenue source can be found at the high end of the income tax spectrum. The personal income tax, a major source of revenue for 41 states, can yield a significant amount of money from small rate increases that involve a relatively low number of taxpayers — …

 



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