TITLE

State-by-State Figures on Proposed Millionaire Surcharge

PUB. DATE
October 2011
SOURCE
Southern Illinois Labor Tribune;10/20/2011, Vol. 75 Issue 12, p21
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
The article presents information on the surcharge of 5.6 percent on adjusted gross income over one million U.S. dollars proposed by U.S. Senator Harry Reid which will be paid by one percent of U.S. taxpayers. A table presented in the article shows that only one-tenth of one percent taxpayers would pay tax and Connecticut is the only state in which taxpayers' share of surcharge exceeds one percent. As further stated, the main objective of this measure is to create more jobs in the U.S.
ACCESSION #
69981635

 

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