A new report, released by the Legislative Fiscal Bureau, shows the majority of a proposed state income tax cut would help anyone earning $100,000 plus.The non-partisan analysis of the Republican backed tax cut shows that once it is fully implemented in 2015, about 60 percent of the cut would help anyone earning more than $100,000. Those earning $200,000 plus would get 27 percent of the proposed cut. The plan would combine tax brackets and cut tax rates over the next two years.
Majority of Proposed State Tax Cuts Would Help Those Earning More Than $100k
