Arizona Senate Panel Oks Bill to Flatten State Income Tax
Arizona Capitol Times › March 31, 2011
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Summary
A House proposal to implement a flat income cleared a Senate panel today, but the favorable vote in committee is no assurance the major policy change would get to the finish line.
Legislative economists said in a memo that the shift to a flat tax will increase taxes for all Arizonans who make less than $100,000 a year. They said that 88 percent of taxpayers would see their taxes increased.See the full content of this document
Extract
Arizona Senate Panel Oks Bill to Flatten State Income Tax
Meanwhile, those who earn more than $100,000 annually would receive a tax cut.
As amended, the bill proposes a flat individual income tax rate of 2.13 percent, which would be fully phased in by 2015. ...See the full content of this document
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