Cost or Investment: How Prop 30 Will Affect Your Taxes

Proposition 30 on the November ballot proposes to raise both the state sales tax by 0.25 percent and the state income tax on high-income earners from 1 to 3 percent. While most financial analyses have focused on either the statewide impact on education or on state finances, taxpayers have been left in the dark regarding the effect Proposition 30 will have on their tax bills…

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