this post was submitted on 12 Mar 2026
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The bill imposes a 9.9% tax on income of over $1 million a year, with the first payments due in 2029. It would raise an estimated $3 billion to $4 billion annually, helping to fund schools and other state services.

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[–] toiletobserver@lemmy.world 12 points 2 months ago (1 children)

10%? Those are rookie numbers compared to the USA in 1944. Gotta pump up those numbers.

[–] BigMacHole@sopuli.xyz 7 points 2 months ago (1 children)

This is TERRIBLE News!

-People who make $20000/year and COMPLAIN about the State Budget not having Enough Money!

[–] tidderuuf@lemmy.world -1 points 2 months ago

It actually is. There were amendments to use that extra revenue to help those making 20k a year but our legislature chose not to add those amendments. They also chose to not amend it so they can't lower the tax bracket.

8 Democrats agreed with all Republicans that those amendments should have been added.

People trying to blame and lay sides over this subject like those opposing are ignorant or something is a serious mistake and they themselves are ignorant of what is actually being made law.

Even people here will say I am using GOP talking points but even a broken watch can be right at least once a day even if it's a party full of MAGAts.

[–] ChicoSuave@lemmy.world 4 points 2 months ago (1 children)

Income is worthless. Needs to be on gross owned assets

[–] CorrectAlias@piefed.blahaj.zone 7 points 2 months ago* (last edited 2 months ago)

It's better than what we had before, which was nothing. It should be expanded to include all types of income, assets, and holdings though.